As a standalone receiver, it covers 100 KHz to 30 MHz, and can display the entire range, or portions of it at the same time. To listen to it, you can display up to 190 KHz wide at any given time, and click on viewed signals to demodulate them. Audio is passed to the PC via the USB cable.
As a panadapter/spectrum display unit, it can display anything the accompanying receiver is capable of receiving, either as a simple panadapter taking in a 10.7 MHz IF output (it shows 10.7 MHz as the center frequency and you can tune the radio to a displayed signal) or as a more sophisticated display/controller of either the AOR AR5000 or Icom IC8500. When used with either radio it will display the actual frequencies in use and allow the user to click on a signal to tune the receiver directly to it. It is incredibly fast.
In the HF range, you can view amateur radio spectrum and actually see the CW characters as they are sent, an indication of how fast this device is. I suppose there is a downside as it's PC based but it offers some amazing features when used in conjunction with the 5000 or 8500, and allows for the unattended recording of any 190 KHz bandwidth (either standalone or in conjunction with these receivers) for later playback and demodulation of any signal within the 190 KHz wide area.
I'm not familiar with the Atlantics, but at one point I had an Avcom SDM-42A which worked very nicely.
Edit: "PC Based" is probably a poor choice of words. It is a quality piece of hardware that works in conjunction with software to act in the manner outlined above. It won't work without a PC obviously.