Installed one at the beginning of this year, its been great. We are using a digital snake product thats aimed at live sound applications, so I purchased a box of stranded cat5 and crimped my own cables, soldered the other end to db25s on the digital snake boxes.
We have not had any issues, we do several call in shows a week, however the hosts talk to the callers on a regular desk phone prior to air so the talkback has not been an issue. We do not run through the board full time, have a relay in line which puts the board on air when energized, otherwise we feed the output of a switcher directly to air. the onboard usb sound interface works great, we use it for recording and playing back audio for preview and anything we play back live on air as sound cards in the computer are all tied up with playback and recording programming for later playback.
If anyone is looking for a way to get multiple channels of audio over ethernet, take a look at networksound. I've been very impressed. I should note that they are NOT doing IP, they have their own proprietary system, encapsulating audio data into ethernet frames directly. Barani at networksound always answeres the phone and even sent us demo units to test out and we just sent him a check once they were setup and working. We use the 32x16x16 split system with the main unit in the rack with all switchers and receivers, gives us 32 channels of audio to both control rooms simultaneously and 16 channels back from each room. system was around $3200, ended up coming out much better than running bundles of multi pair audio cable not to mention the headache savings. we rewired the studio before a move with the new equipment, once that was done, the actual move to the new studio was 2.5 hrs from sign off to back on the air. I should also mention we had our t1 circuit moved ahead of time and were on backup stl from old studio so everything was ready when we got to the new location, plugged in the router, fired up the rack and we were on, only wiring between control rooms and rack is 2x CAT5, one for audio, one for studio LAN.\
I got a little long winded there, the air3 is great, would recommend to anyone that needs a simple board on a budget.