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From Lexicon:

a true stereo dual-channel processor with 24-bit internal processing, 24-bit analog-to-digital and digital-to-analog conversion, and S/PDIF digital inputs and outputs. The MPX 200 features a newly designed digital compressor that works in front of, and in addition to, its outstanding effects. This makes the MPX 200 one of the most powerful processors in its price class. The MPX 200 includes 240 presets with classic reverb programs such as Ambience, Plate, Chamber, and Inverse, as well as Tremolo, Rotary, Chorus, Flange, Pitch, Detune, and 5.5 second Delay and Echo. Sixty-four User Bank locations store variations of these programs. Dual-channel processing provides two independent effects in a variety of configurations, including Dual Stereo (Parallel), Cascade, Mono Split and Dual Mono, indicated by the Routing LED in each of the dual programs. Up to eight adjustable parameters (four program and four compressor) are available in each program. The digital compressor is available in all 240 programs, including the dual programs - simultaneously providing two effects and compression. A full range of MIDI controls include Program Change messages, MIDI bulk dumps, and an easy Learn mode that allows MIDI patching of front panel controls. In addition, tempo-controlled delays and modulation rates lock to Tap or MIDI Clock. Tap tempos are controllable by audio input, the front panel Tap/Cancel button, a dual footswitch, an external MIDI controller, or MIDI Program Change messages.

HIGHLIGHTS
• World-class Lexicon reverb: Plate, Gate, Hall,
Chamber, Room, and Ambience
• Lexicon’s proprietary Lexichip® engine
• 24-bit analog-to-digital, digital-to-analog, and
internal processing
• 240 presets
• 64 user programs
• Dual programs provide two simultaneous effects
with four routing configurations
• Multiple delay, modulation, and pitch effects
• Dual effects combine Delay with Reverb, or either
Delay or Reverb with Flange, Pitch, or Chorus
• Built-in digital compressor
• Intuitive front panel LEDs
• 3-stage headroom indicators
• 4-stage compressor indicators
• S/PDIF input and output (may be set to wet or dry to
allow use as a high-quality, stand-alone converter)
• Pushbutton or footswitch selection of dry or muted
audio output
• Simultaneous analog and digital outputs
• Independent processing on each input
• Tap Tempo for instant setting of delay and
modulation times (may be set using the front panel
Tap/Cancel button, a footswitch, audio input, or
MIDI)
• Full MIDI control
• Software-selectable MIDI OUT/THRU port
• High impedance inputs for instruments
• Internal power supply
• Headphone output
• Cue program mode
• Assignable Bypass mode
• Global Mix, Tempo, and Compressor modes
• 20Hz-20KHz ± 1dB Frequency Response