I bought the Classic Rock this past November. Couldn't be happier with the little gadget. You can select chorus, delay, reverb or no effects at all. An AC/DC style crunch or clean can be dialed in. It also has three presets- basic (LED is green), effect (orange) and song (red). It's a great tool for practicing and not bothering the wife and kids at night. Tone wise, I think it's limited by the cheap pair of headphones being used. It's not a big enough issue to spend major coin on a better pair.

http://www.voxamps.com/amplug2