hey mate. Good question!
I love the Microcosm. I'm really about bang-for-buck hardware, and this thing is certainly that. Yeah, nice phrase looper, but damn it has a lot more going for it.
It's excellent for textured soundscapes, sonic washes, wall-of-noise, and experimental effect combinations. The major drawback is that I'm finding it's really only good for ambient, so if you're keen on that it's not really a Con. Just don't buy it expecting to do rhythmic stuff stuff all that well, unless you're just straight using the phrase looper with little or no effects. Though I did hook it