Damn, this is great news!!

The stereo delay and parametric EQ are HUGELY IMPORTANT to me.

One thing about the para that is important is by using very narrow notch settings, you can eliminate some of the "fizziness" inherent in digital emulation of distortion. It is an extremely useful method for ultra high gain sounds!

Check out:

http://www.futureguitarnow.com/forum/index.php?topic=1370.0