There is endless capabilities with them. You get the device as well as software that allows you to tweak until you can't tweak anymore.
Having said that, I prefer (up to this point) stand alone pedals. For one thing, I like to mod my pedals. Not going to be as easy if even possible with a POD.
I'm actually digging into my POD manual a bit more over the last day or two. I know I can get even better tones if I try.
[U]Ricks Current Mystery Video[/U] - Updated Monday March/02/2015