It's going to be about $200... PLUS, of course, an iPod. To only record 16 bit audio.
For less money, the H2 blows this away (or was that too aggressive?
) and doesn't NEED an iPod (BTW, recording 16 bit audio chews up your iPod's battery because the drive cannot spin down much). Plus, it can record for DAYS at an MP3 rate, records surround sound, has TWO different mike pairs, is smaller, lighter and just plain better...
Sorry, Alesis. A swing and a miss