Phaboo: I had the same problem with my Electro Harmonix Memory Man: very cool delay, but worthless bypass. I tried some splitters and found the Boss LS-2 to be the best solution: no click, no earth loop, and even controllable volume levels for on/off. Does need power supply though. It just sucks that they can't make a decent REAL standby and one has to search for such solutions when the pedal itself already cost more then say 300 Euros/260 US $.