No offence to most of the people who have just posted, but i dont think it is fair to rate the pedal unless you have used it fairly extensively, at home and live. I bought one about 3 weeks ago, and have gigged and used it in my bedroom.
There are seven presets altogether:
1 is a big-standard nu-metal distortion - if you like the disturbed type nu metal sound you will like it, but bear in mind as with all the distortions in this unit that you cant control the amount of gain - so none of the 3 distortion sounds in th pedal will give you anything like a more classic rock sound for example. Also, you cant control the mids on the pedal, and the distortions are all very scooped sounding.
2 is a much lighter, rolled-back kind of gain, which works well.
3 is a phaser, though t sounds very different to my phase 90 and small stone. It is slightly more cutting, and works well with gain.
4 is a distorted wah sound that works very well for leads(if you done have a wah pedal)
5 - is a octave shifter - you can go up or down two octaves or one octave.
6 is a sitar simulator. It is not perfect, but is as good as you are likely to get with a guitar.
7 is the metal sound that is based on the digitech metal master. Again, it will only give you a metal sound as you cant change the gain level, but if you like that sort of thing it sounds absolutely huge - you can get a very good pantera type gain out of this.
What i love about it i you get seven useable sounds, all very different, in a small single effect sized stompbox. Three of them - the phase, sitar simulator and octaver were all effects that are useful to me and so i bought it.
But what i really didnt like is the fact that some of the effects (esp the distortions and sitar simulator) sound very bright/ harsh when you turn it up (play live). In the case of the sitar sim there is no eq on the pedal.
If you are thinking of buying it then ask yourself this: how many of the effects on it do you actually really want. If it is most of them, then it is very useful to have all those sounds in a small size pedal, especially as they are all high quality.
If it is only say two or three of them, then i think you are better off with indvidual effects pedals.