You get 2 delays in one, a digital and an analogue one.
The analogue one is percussive in the upper midrange which lends it a brighter character, unlike the boss dm-2w which is percussive in the bass range (hence the punch boss is very known for).
You can't get a totally wet signal, but this does not bother me at all. Modulation is also very nice.
The oversized pot knobs and slider are a very nice addition, since they allow more precise setup.
How bright is the analog delay? Despite the "echo" in the name, I find the character closer to an analog delay than Dunlop Echoplex pedal, which sound brighter and more hi-fi than Ibanez.
The digital delay is well... a digital delay. Very hi-fi sounding, without fading repeats though...
The only con is the size. And given the size, I would have liked to see a effects loop... :)
Another plus is the chorus, which sound very, very nice on its own. Just turn the fader down to minimum while on analog delay, max the output, turn on the modulation section and you get a beautiful chorus, reminiscent of the Ibanez CS-9.
So what you are getting is 3 effects: Analog Delay, Digital Delay (both modulated if needed) and Chorus.