iRig HD features superior digital audio quality, and offers a premium 24-bit A/D converter for a crystal clear digital signal that’s free from noise and crosstalk. Plus, its ultra-low-draw power-consumption circuitry eliminates the need for batteries – it’s powered by your mobile device or computer. An onboard gain control allows you to dial in the perfect signal level for your instrument and apps, and a multicolor LED lets you know what’s going on with your interface and signal.
IK Multimedia is taking the Apogee Jam approach. A much better idea in my opinion.