This is a Waves L2 hardware unit. Regarding functionality, I have confirmed that all the knobs and buttons on the front panel are working. As for the terminals, there are many, so I haven't been able to test them all. However, I have confirmed that the analog (XLR/standard phone jack) and digital (AES/EBU and SPDIF) inputs and outputs are working. Wordclock Input/Serial Port have not been tested due to lack of a suitable environment. No other functionality has been tested. Everything included is shown in the photos. Please check the photos for the cosmetic condition. This item is also listed on Yahoo Auctions, etc., and will be removed when sold. Thank you.