Thanks for the heads-up on this little device. I see it claims to be able to work at 96k and 24 bit. Have you used it that way? Also I see they have a UCA222 that looks similar and is priced about the same. Other than being painted red, I wonder if there are significant differences.
For several years I have owned an M-audio TRANSIT which is a similar device. Cost me about twice as much. Can be a bit temperamental when setting up a recording session, but performs reasonably well. I don't like to take my primary machine out of the house. Too many programs, too many files, too many archives to risk losing, to risk having some one else pawing through them. So I take the Transit along with my wife's desk top or now the replacement NetBook she uses. I've done pipe organ concerts, seminars and all-day business sessions.
When doing musical recordings I like 96k/24bit to do the original capture. Keeps the residual internal system noise level quite low. That way when I NORMALIZE the segments up to a working level, the noise that goes along for the ride is not overwhelming. Able to do noise reduction with minimal damage to the primary sound. After the clean up, then transform it down to 44.1/16 or some MPG file that sounds quite clean.
It will be interesting to see what others use. I want my next one to be like the little Shure device that accepts XLR mic input so I can leave the little mixer at home. I haven't seen one of those devices yet that was able to do the 96k/24bit thingy.