After reading this white paper:
http://www.americanmusical.com/ItemFile ... _Proof.pdf
And numerous reviews such as:
http://digitalmedia.oreilly.com/2007/08 ... order.html
http://www.wingfieldaudio.com/korg-mr-1-review.html
I decided to give it a try. Whether the hype about 1-bit recording is true or not, I can't say but since it's the standard source for SACD format audio recordings I figured it's worth $400 to find out for myself. If I really like it then I may step up to the M-1000 which is capable of 1-bit / 5.6MHz.
The only gripes about the Korg MR1 have to do with short battery life; and the fact that it uses an internal hard drive so you have to treat it gently.
I rarely need to record where I won't have power for the AC adapter and the alternative would be setting up a notebook with a high end firewire audio interface such as the Echo Firewire 4.
I always carry my gear in a foam lined flight case anyway.
Meanwhile I justified my choice with some other factors:
1) General quality and reputation of the ZOOM brand v.s. the KORG brand
2) Ability of the Korg to record in 24-bit / 192KHz PCM whereas the Zoom2 is "only" capable of 24-bit / 96KHz