The Standard Series come with highest performance possible with 6th generation Load Compensation (or "BACK EMF") for exceptionally smooth performance.
Features include:
NMRA Medium Plug 
 Super smooth  back-emf motor control.
Adjustable precision stopping control
Low speed gear for switching operations
Selectable for operation with 14/27, or 28/128 speed steps.
Operation on conventional DC layouts is possible or can be disabled.
 Motor output = 1A continuous, 1.8A max, > 5 A stall.
 Motor and function outputs protected
Three function outputs rated at 100mA each with advanced function mapping
Directional or independent lighting with dimming and special effects.
Support for Advanced Consist Control and Extended Addressing
Support for programming on the mainline (operations mode programming)
 Support for all form of programming as described in NMRA RP-9.2.3
Supports service mode decoder lock
Size: L 1.0" x W 0.61"x H 0.12"   L 25mm x W 15.4mm x H 3.1mm 
Lighting effects
Different lighting effects can be set at the four function outputs:
Setting the brightness (dimming), can be switched via a function as desired
Mars light
Gyra light
Strobe and double strobe
Different settings for random flickering (ideal for a steam locomotive’s fire box)
Flashing
Ditch Lights
MSRP is $30.62.