That is true.....$280 is way too much.
Get the MPX550.....its alot easier to use than the MPX1 and it sounds almost as good. Theres no point having a great processor you can never get into.....and that what ive heard time and time again with the MPX1.
Here, check out the broucher......the MPX550 weeeee......
http://www.lexiconpro.com/mpx550/index.asp
http://www.lexiconpro.com/PDFs/fx_brochure.pdf
DS