unit can be seen here: http://teledynelecroy.com/oscilloscope/oscilloscopemodel.aspx?modelid=6886
So would you buy this for $400?
Nope.
Not unless you absolutely needed 200MHz bandwidth at a rock bottom price.
The Rigol DS1054Z at sub $400 is a much better buy.
A massive amount of more memory, one of the best intensity graded displays on the market, faster updating(?), and a lot more measurement capability and serial decoding.
Sorry for the thread necromancy, but I did just that, i.e. bought a Wave Ace 2032 for $400. Since they are by now well aged (although my units was hardly used -- power up count was about 50) good deals (potentially better than mine) should be around. Since I do already own a DS1054Z, I think I can perhaps contribute here in case someone else needs to make up their mind about such a purchase.
Fortunately, I did look up this thread before buying one, so I kind of knew what I was getting into. And I understand some dismissive comments about this unit -- if I had paid a lot of money expecting a "LeCroy", then I'd be disappointed. But once you hold it in your hand, there's no mistaken it for anything other than an entry level oscilloscope for hobbyist, very well in the same league as a DS1054Z. In fact, it looks and feels (tactile as well as operating with alignment of menus and buttons) very much the same. It is perhaps slightly easier to operate, which might be due to it offering less functionality or because I used the Rigol first (and briefly analogue ones *long* time before that).
Dave is quite right above, the Rigol offers more functionality and much more memory (the Siglent/LeCroy one is showing its age there) and twice as many inputs (not counting the trigger-in on the 2032) and due to that will be the better deal for most people. It's also prettier (higher resolution screen) and at first sight seems to be less 'noisy' (does the 1054Z default to the "hi-res" mode? I forgot. The Wave Ace does offer an averaging mode which considerably reduces noise, albeit does default to sampling mode). Both units thankfully remember the most recent settings after boot-up.
So why buy it then? Well, my 1054Z happens to be in a storage facility on the other side of the world. The Wave Ace complements my Digilent Analog Discovery nicely (better than the Rigol) for higher frequency signals. It's also more honest about what it measures (allows one to en/disable sinc at all times, not to speak of the buggy implementation of sinc in the Rigol), albeit there's still a bug in the firmware where the Wave Ace falls back to vector display, when the time base is set to the lowest setting, regardless of the vector/points selection. I plan to use it chiefly to verify that no high frequency noise is present (and 200 or so MHz is the current limit of my wallet ;-} -- yeah, someday I'll get me a proper signal analyzer ...
The Wave Ace conveniently allows to set the input resistance to 50Ohm, but sadly offers no way of powering active probes. Fwiw, it offers equivalent time sampling, making the best of the 300MHz input bandwidth (or 1.2ns rise time), at least for strictly periodic signals.
It came with a (no two) sets of fairly nice passive probes with some accessoires (including an adaptor to BNC). They're rated for 250MHz bandwidth and include a manual with impedance over frequency diagram. Nice touch.
It's fan is a bit quieter than I remember the Rigol's one, but sadly there is a faint high pitch whine (sounds more like coil whine than fan noise to me). Not too annoying, but noticeable. That might be only my (well aged) unit though.
So there's arguably not much going for the Wave Ace, but where do you get an oscilloscope with 200+ MHz bandwidth for $400? There are plenty of Tektronix 485 around, but they're heavy, much older (and not that easy to repair) and don't offer all those niceties of digital storage oscilloscopes (single shot -- 'nuf said). So far, I'm quite content with my purchase.