This is the only product of its kind that I own so I don't have a lot to compare it to, but I absolutely love it. It allows multiple combinations and effects pedals to try out. It only costs 100 bucks, but you get to preset effects for pedals that cost a lot more. You have access to flangers, wahs, distortion, delay, etc... You can also lay down backing tracks using 2 tape decks provided. You simply click and record. You can save your tracks in a folder and play back whenever you want. You can also use their preset tracks to play with. A great tool for trying out different sounds and for creating backing tracks to play with. Some of the more expensive forms of this software have more sound options and effects, but this should satisfy most guitar players, especially for the price.