I’ve kind of got a thing for cheap guitar effects – they usually sound pretty awesome on synths and cost almost nothing because guitarists buy them by the score.

Waves Audio’s iGTR Personal Guitar Processor puts the GTR family’s guitar amp and effects sounds into a snack-sized device. It offers a variety of Virtual Amps, variable-speed Modulation Effects and Ambience Effects.

The three Virtual Amps (Warm, Normal, and Bright) employ dial-adjustable drive, making possible a huge range of sounds and styles, from smooth jazz to aggressive metal overdrive. Modulation Effects include Phaser, Tremolo, and Wah, with dial-controlled modulation speed, while Ambience Effects further enhance the sound with Reverb, Chorus, and Delay.

The iGTR Personal Guitar Processor from Waves will be available January 2008 with a MSRP of $100.00.