The incoming signal is analysed via a FFT (Fast Fourier Transform), resulting in the familiar spectrum plot where the full audio spectrum is split into a number of narrow frequency bands. The outgoing audio is then regenerated by an Inverse FFT. The interesting bit is that the plug-in lets you modify the frequency spectrum in between.
Spectral Conquest allows you to modify the spectrum in two ways:
Pricing and Availability:
Available immediately for Mac OS X (AU, VST) and Windows (VST), priced at $29.
Spectral Conquest is also available as part of the Ultimate Bundle (now priced at $155) and the Creative Effects Bundle (now priced at $55).