This is a soundcard. A cheap one. A Turtle Beach one.
And it is absolutely stunning! With it's incredible 64p Wavetable it is stunningly good for midis! It features a hardware Surround-system that makes especially aqoustic music sound fuller than you thought possible!
It also features hardware effectchip, to create a full reverb in realtime for your midi!
The ports are of good standard, but not really suitable for true professional use, although i have not yet tested the digital out.
I would recommend this for any hobby-musician with a tight budget!