I think the reason I bought my 1050 over more featured laden models was the way it sounded in my set-up. I have never owned a piece of equipment that actually surprized me with its quality like the 1050 did. If the pro-logic II and other features are worth the extra $300 to you thats your decision, and the 1050 is close to two years old I think. But for me I couldnt be happier with its performance.(or its price!) Good luck howevr you decide.
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Randy