Oh man... I would have said some really sweet table Acropora, but if it's soft...
Sinularia dura is the only softie that looks anything like this, and even that does not look anything like that!
Have you tried to frag it? You could send a frag to me, and maube then I can tell what it is
Btw, is it actually a coral?! Could it be some macroalgae? Some of them look a lot like corals...
It is a sponge. Not sure if is the right name for that one but if you do a search in google for chicken liver sponge and look at the pics you will see similar photos
Thanks very much jwoyshnar, I did a search and found that it is something called Collospongia Auris". Reading up on it, some people are warning it could take over the tank but from what i have in my tank, it looks pretty easy to control and it does look quite nice so i will keep it !!
is it a purple plating sponge?