Works the same as far as I can tell. I have both. The hardware version is useful for tracking from hardware non-pc-enabled preamps and running in a live setup. Software version is obviously better for anything in the software realm.
Everyone has opinions. I've used the Software & is definetly Awsome 8) I also know those who have & use both & the swear by there Sonic Maximizer like they never turn it off or wonder why they even put an on function like it should be on all the time deal Some of them think the Hardware is better than the software? I personally cant speak from personall experience on the hardware end. But I don't think you can go wrong with either one
The advantage of the software version is that you can use it for final mastering. With the hardware version, I think you'll be limited to whatever you can attach it to. Either way, both are a great investment. 8)
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God Bless!!
Partch