> <but what does 50 channels actually mean?>
It means that it can track up to 50 satellites at once. However, given that GPS consists of a constellation of only 24 active satellites, there's not a lot of point... Allow a few more channels for SBAS (WAAS/EGNOS) signals.
It may be that the receiver design is sufficiently versatile that the hope it will be able to use Galileo, GLONASS and Chinese GNSS systems at some point in the future.
I'll have a bit of a look around and see if I can guess what chipset it's using, or even what generic receiver design has been badged at MM (I'm guessing they didn't do the development; I could be wrong on that, though).