The PODxt is great. I've never had any latency issues recording with the 1/4" out's or the USB. Only problem I've had, is my computer almost locking up when recording with the USB, but that could be due to how it's set up. I'll have to check on that when I have time. If you do record with the USB, you will have to hook your monitors up to your PODxt's 1/4" outs to be able to hear what you're playing. When using the USB for recording, the XT takes the role of your soundcard.

$180 is a good price for the PODxt used, but if it's the older POD version 2, then that's pretty high. I'd give $100-120.