This is the brand new 2008 Shimano Stradic 3000MgFB. This is undoubtedly the sweetest reel for the money on the market today. It's feature rich and so smooth you'd swear it's hydraulic. The Stradic's magnesium frame is safe for saltwater. Other features include a forged aluminum spool and super-slow oscillation. Features include:

   1. SA-RB® Shielded Anti-Rust Bearings
      Manufactured via a unique process that makes them at least 10 times more corrosion-resistant than other bearings. Smooth, silent, and strong -- the ideas behind all Shimano reels. This Stradic features 5 A-RB ball bearings plus 1 A-RB roller bearing.
   2. Propulsion Line Management System for Longer Casts!
   3. Super Stopper® II
      Shimano's exclusive instant anti-reverse system. Built with a one-way roller bearing that eliminates all back-play in the handle -- for instant hooksetting power.
   4. Paladin Gear Durability Enhancement
      Manufactured with the highest tolerances and utmost control in the gear-cutting process, to ensure a smooth, powerful retrieve every time. Gear ratio 6.0:1. Fast!
   5. Oversized Power Roller® Line Roller
      Reduces line twist by as much as 50%. The roller's special grooved design ensures that the line will be evenly wrapped on the spool, to minimize loops and twists that can occur on the cast.
   6. DynaBalance® Anti-Wobble System
      Eliminates wobble on the retrieve by counter-balancing the the rotor to enhance sensitivity and smoothness. Computer balancing is used to redistribute the rotor weight, allowing easy rotation with virtually no vibration.
   7. Magnesium body construction for a weight of just 9.2 oz.
   8. Oversized Power Roller Line Roller
   9. New Floating Shaft Design
   10. Cold Forged Aluminum Spool
   11. Super Slow Oscillation designed specifically for today's super braids! Capacity 6(200) * 8(140) * 10(120) Mono

This great reel sells for $229.99 on BassPro and other sites, and enjoys a 5 star review.