Has any one seen or played the line 6 Variax ?

http://www.line6.com

This guitar uses modeling technology to morph from an LP to a strat to a tele at the flick of a foot-pedal, its true !!!! I was thinking about checking out an LP or maybe a tele, however if this beast lives up to the hype, I think Ill get me one of these and save my self lotsa bucks !!!!

If any one has played one of these things Id love to know what they think about it, how it felt, what they played it through and what the limitations were.

(FYI I cant fined an entry in Harmony central either !!)

This all sounds too good to be true which makes me skeptical (ooooh Simon you old cynic) !!!

Love to know what people think about this beast !
Cheers
S