It's a full cat-back setup with a resonator.

I just installed one into my 95 GSR this past Sunday and I'm extremely happy with it.

The only trouble I ran into, aside from strugging to break loose bolts that had been on there for 8 years (since I got the car), was that the larger piping WILL hit the heat shields. So, remove those to avoid that horrible rattle.

I got mine at MorePowerRacing for $415 shipped. I just looked, and it's the same for the non-GSR model WS. It took about a week to get to me via UPS Ground, though they're in Washington State and I'm in Florida.