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What kind of things can one utilize firewire for?  I'm a firewire dummy and understand it is mainly used to get video or multitrack audio into a computer.

 

I have however seen some interesting-looking firewire interfaces with all kinds of connections.

 

Is there a way to use two firewire interfaces + a firewire-cat5 extention system to make a digital snake? 

 

Will it even work?

 

Stability?

 

Latency?