Yeah, I agree that most of the original ones that were made were not so good (although 'Loads o Love' NAILED the "Whole Lotta Love' tone IMO), and I think that some of them were a good starting point for people to tweak away with.
BUT...when they had artists create their own presets on the second release, they were much more interesting to me (Steven Stevens and Joe Satriani presets anyone?)

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