Does anyone know the state of software thru with Apple's driver in 10.8 and/or Panther? If you don't need the optical i/o, the iMic (which doesn't have its own driver) is half the street price of the M-Audio Transit, and seems to work well. (I wonder why audiomidi.com doesn't list it
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PS:
I'm still a bit unhappy about the flakiness of the M-Audio MIDI driver 3.1---where it sometimes, quite inexplicably, it takes several tries to get my OSX 10.2.4 Audio MIDI Setup to show the M-Audio 1x1 as alive. So their "Transit" isn't too tempting until they show a little better support.