Lots of views and lots of good points.
If you are on a budget I really recommend the GSP 1101 effects sound great does not color your sound to speak of does the 4 cable method and a program so you can program the unit with a laptop. This unit delivers right down to some stomp box models that sound pretty good. The 1101 also has some licensed Lexicon reverbs and also TC Electronics chorus.
One thing that makes the 1101 different as far as programming it is kind of somewhere between a stomp box and a full blown processor, so you can get sounds very quickly. If you are coming off the stomp box environment the 1101 has more than you are use to. On the other hand if you have been using allot of rack gear since 1988 like me on a programming level you might find it a little limiting (use to sitting down with the calculator and working out delay times for delays, chorus and so on (but enjoy it!) But sound wise sweet! So who cares?
I have been doing something a little different lately which has been working out pretty dam good.
The 1101 has those stomp box models I mentioned before mostly the overdrive I’m interested in a compressor and noise gate, a pretty good sounding wah also but I can’t part with my rack mount Crybaby. Anyway the geek in me misses working out delay times to the millisecond, so why not use both. So I threw a Rocktron Xpression into the mix. So I’m only using half of the 1101 it handles everything before the preamp basically any effect that deals with dynamics, compression, and overdrive and so on. All of my time based are being handled by the Xpression which is in the loop of the amp, chorus, flange, delay, and reverb. There are times I do like say chorus and flange in front of the preamp and the 1101 can handle that. But the way I have it wired reverbs and delay are not available to me with the 1101 (I’m literally using half the unit)