The new version comes with a variety of new functions and improvements. The Envelopes of the Operators can be synchronized to each other and the Tempo Sync Delay Time can be set to dotted note values. The Randomize function has been improved and the FM7 is equipped with a new Pitchbend mode. In addition, the FM7 now accepts standard MIDI SysEx 128-note Microtuning (MT) data and Yamaha V50 SysEx Voice data, and under Cubase 5.1 the VST-plugin can now also receive SysEx.

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