Zoom H4 for Foley & Sound Design

I am currently undertaking a sound design project which requires me to build up all the audio content for a 2:30 video clip from the ground up. I am using sound libraries for the majority of it, but I am recording some content myself.

I've acquired a Zoom H4 hand-held stereo recorder for capturing foley and other audio outside the studio.
Overall, I really like this recorder. It's simple to use, has a long battery life, and the inbuilt microphones are pretty good. The other really nice feature is the Jack/XLR sockets for using two external mics if you wish. It even has phantom power!
The gain control is a bit basic. With 3 options on a switch, you are limited to either capturing a really hot signal, or having to gain up a quiet signal.

This recorder is several years old, and not on sale anymore. A new version is out, the Zoom H4n (pictured below).

At a glance it looks pretty identical to the old one, par a new design. However at £260, it is rather pricy.

A nice gadget, but if you have a laptop & portable interface already, it's not really worth paying all that money!