"Here is some information from Roland:
The MC-505 Groovebox® builds upon the successful MC-303 as a self-contained, retro-styled dance music sequencer and sound module with powerful new sounds and realtime controls. New features include the revolutionary D-Beam light-sensing controller and a MEGAMix function for intuitive realtime pattern mixing.
* Revolutionary D-Beam controller allows for effects and sound/note control via hand movement over infrared light beam
* 714 onboard dance music patterns developed by cutting-edge sound designers worldwide
* 512 built-in sounds and 26 rhythm sets, including the latest dance, hip-hop and techno music sounds and classic drum and synth sounds (TB-303, TR-808, JUNO, Jupiter, etc.)
* Three independent, synchronizable effects processors with powerful new effects
* Onboard arpeggiator
* MEGAMix function allows for intuitive pattern creation by combining rhythms and parts of one pattern with another
* Enhanced MIDI implementation, powerful sequencer section with increased note storage, multiple outputs (3 stereo/6 mono), new assignable part Mixer sliders
* SmartMedia slot accepts external 2MB and 4MB SmartMedia cards for unlimited pattern and patch storage and direct pattern playback"
Looks like this groovebox sold. Dont be fooled by the name, groovebox. It is a great machine with a JV synthesis engine under the hood.
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