There are some very nice devices like this on the market, however, the speed of most of these limits their use to audio work for the most part. I really wouldn't want to use any that I had access to for digital work. Most of these are produced by small garage firms, and usually advertise for sales in publications like 'Nuts & Volts'. These of of limited use, but in certain situation they are 'the handiman's friend', just like Duct Tape.
A common feature on many of these is the ability to display in either the time domain or the frequency domain (Fourier Transform). This is a surprisingly useful feature in audio and analog communications work, particularly when working in the field and you have to carry and entire lab in your suitcase! :-)
Sadly I don't own one, so when I travel to the field to do work for the FAA or some other organization, the only off-the-shelf instrumentation I carry with me is a Tek pocket oscilloscope (owned by my employer), a laptop and prom burner (for implementing embedded code changes in the field), an inexpensive Wavetek DMM, a small set of handtools, a small soldering iron, and a few home made kludges that often prove useful in my field of work.
You'd be amazed at how useful a simple 9-volt battery with clip on test leads soldered to it can be for tracing and polarizing comm lines, forcing logic states (with a current limiting resistor) and a myriad of other uses.
Kindest regards, Harry C.
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