AXE FX II - Its worth the wait and the money. The Owner of the company is a bit of a Tool but the product is unbelievable. Once you get your hands on one it's kinda game over for everything else. This is coming from a dude with a storage unit full of vintage tube Amps. Notice i said they are in STORAGE.
The Truth is we all think we need tons of Gear. We really don't anymore. A Quality Guitar, The Axe FX, a good set of In Ear Monitors and I can play ANY GIG ANYWHERE. And if your not running direct into the board, Just get yourself something like a Yamaha DXR12 powered Speaker. Run the Axe FX into that and your golden.