Here Comes an Advanced version.
http://www.belkin.com/pressroom/release ... tudio.html
TuneStudio for iPod 5th generation (video) (F8Z109)
* Records directly to iPod in 16-bit, 44kHz quality
* Streams audio through built-in USB interface to and from a PC or Mac® computer
* Each channel is equipped with 3-band EQ, pan and level controls
* Phantom-power-enabled XLR inputs provide up to 60 dB of microphone gain
* High-quality stereo compressor with makeup gain enhances audio dynamics and keeps audio levels within recording limits of the iPod
* Features one-knob compression control
* LEDs indicate master audio level, power status, peak indication, compressor activity, and recording status