Well, I've never selected an audio tool by it's price. If I want or need it, I find a way to get and usually own it.

The Summit is decent enough and a good eq but it doesn't stand in the same circle as the Massive Passive, which is unique and unlike traditional eq's. I think it is a far better and more useful tool. A second Masive Passive is on my list of items to buy.

a second Massive Passive? Don't make me jealous!
The summit has the reputation for performing above its price range but I suppose it was a bit hopeful to replace the MP. I think I'll try and try one though.
cheers, Giles

although i have no experience with either, I am currently dealing with summit for repairing my preamp, and i can tell you they are a great company. my experience with them so far has left me rather impressed.