ndc Plugs has released Fragmental, a free Windows VST plug-in.

Description:

A complex multi-fx plugin incorporating a delay, granulator, three phase vocoder effects, a reversinator, and three types of modulation source. Incorporates a very flexible routing scheme capable of serial and parallel effects routings, and a new kind of modulation routing based on a kind of pie chart representation. This plugin was developed in conjunction with shamann from KVR. (C++)

Fragmental is a free download.