has just released a new midi controller with 16 rotary encoders (multifunctional as knobs and buttons). I have recieved mine a week ago and did some indepth testing with good results.
The LD2 is mainly targeted at Ableton Live users; the labeling on the top plate mirrors several Live setups which are provided on a CD.
The good point for VJs: beyond three preprogrammed Live setups you may use 9 more empty memory banks for your own setups. This makes it easy to adapt the LD2 for many softwares. The LD2 does NOT come with a configuration software, but some parameters can be programmed in the hardware's system mode. But in my experience, it is sufficient to configure your controls from within your software.
When programming your own setup, you may route each encoder to whatever control in your software. You may assign 6 different control sets to the buttons on the bottom. This way you can easily access 6 x 16 controls without even entering system mode (which would give you another 8 x 6 x 16 controls!). As an example, i use one set to trigger clips (the buttons are mirroring a 4x4 clip bank of modul8). Another set is used to steer color parameters, one is for filters etc.
The rotary controls are endless, which means you can easily switch between layers in Modul8 and change parameters without value jumps. If the encoders are pushed, the active state is indicated by LED. Active states are memory-stored individually for each set, so no collisions here (which is different with some other controllers where buttons actually stay pressed down). One tiny drawback is the physical grid of the encoders which have 24 stops on a 360 degree turn. On some value changes this might be visible.
On the top you will find a track selector with forward and back button and 12 LEDs; i use this to browse between clip banks.
The LD2 is very compact and of professional build quality. Recommended.
edited to add:
after more heavy testing and using of the LD2 i would now like to share some more info. i have developed and happily used a midi setup to combine the LD2 with modul8. you may download an 8-page info PDF which describes a suggested control setup from our website: