I wonder, would this unit go after the 11R to a FRFR speaker or could you this sit in the FX Loop? Any ideas?

The unit does sound interesting.

I have played some with IR's on a computer setup, And they make a hell of difference when using modeling. Although the 11R still sounds great,(better than my HD500) I'm still trying to achieve the "that's It" tone with my EV elx112p live setup.

All you'd need is two SD cards, could use both versions.

Yup, dido with the "sweet gas" statement.