Mine is an indispensible part of my rig, and you can do all kinds of cool stuff. It has loads of settings and you have to play around with them a bit, but you can get way more extreme results from the pedal than you would from the trem. The new model has a 'dive-bomb' preset, but you can also raise pitch way further than you could with any kind of trem and can also harmonise at different intervals.
Other than being a pedal, the Whammy isn't much like a wah at all...
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