I tried the MS-50G yesterday when I was at the guitar store to get a new delay pedal for my acoustic rig. They just had received it this week.
On one hand - this is really cool. It's cheap and it does a lot of things. The MS-50G has amp sims and a bunch of effects (even some that the KPA doesn't have like acoustic sim, harmonizer, pitch shifter) and is comparable to the G3 (sound, processing power - it doesn't offer all the features though). You can have 6 effects at the same time and use the left / right buttons on the side of the footswitch to navigate through the chain. If you work with a pedal board and want a swiss army knife stompbox, the MS-50G is a good choice.
Looking only at the delay effect - which was why I went to the store - the options I compared were the TC Flashback, the Eventide TimeFactor and the MS-50G. I opted for a TC Flashback, cause I wanted something that has the ability to sound digital clean. I couldn't get the Zoom's delay to stay clean on the repeats. If money wouldn't matter, I would have gone for the Eventide TimeFactor, which costs almost 3x as much as the TC. Sound quality wise, the step from the Eventide to the Flashback seemed about as big as the step from the Flashback to the Zoom.
Although the MS-50G was tempting, especially at the price point, I left the store without it cause it didn't do anything better than gear that I already have. If I wouldn't already own a PocketPOD as an emergency backup rig, I would have bought it without thinking twice, but if you're looking for a great sounding pedal, I guess the one trick ponies will always win.
(Yes, I kept my tube amps and stomp boxes when I bought the KPA...)