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As a guitarist I find it hard to get into some of this tech but after editing the video of the Kronos from Korg I have to say it is mindblowing. Nick met up with (their apparently nameless, yet very talented demonstrator) and he put the Kronos though its paces.
As I will do this product zero justice if I attempt to first, understand what it does and then relay that to you, please check out their website.
Highly flexible amp sim, and many other tweaks for latest version