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Robin Schmidt’s Music Engineering Tools has released a public beta version a new free synth VST for Windows, Straightline.
Description:
Straightliner is a straight-lined subtractive synthesizer in a modern guise. You will find the well known building blocks of classic analog synthesizers (4 oscillators, a filter, 2 envelope generators) patched together in the traditional way.
Now you [...]

Kammerl Audio has released a set of 5 free VST plugins for Win/OsX, complete with bizarro Goldfrapp-style synth babes:

Pitcher
Warm Distortion
Scratcher
Looper
Slicer

Let me know if you think the plugins are as disturbingly hot as their logos!
via AudioLemon

Rough Diamond Productions has a large collection of free VSTs for the PC, including delay, gate, ducker and compressor.
I’m on Mac - so if you give them a try, let me know what you think.

BitWaves Software has introduced MusicBeam, an AU/VST (Mac/PC) plugin for online music collaboration.
Using MusicBeam you can exchange audio from your sequencer with collaborators around the world.
“No more bouncing, compressing and emailing your tracks to your bandmates!” according to the company. MusicBeam does it all for you, in near-real-time.”
The application is now in public beta. [...]

Wusik has announced the release of Wusik VM (VST Manager & MIDI Tools), version 1.2.0.
WVM extracts presets from any VST loaded into it and allows the user to organize those presets into banks using the standard FXP/FXB format. This manipulation of presets extends to being able, while a group of different VST’s are be loaded, [...]

Bismark has released the bs-0 freeware software playback sampler for Steinberg VST 2.4 and Apple Audio Units plug-in format.
bs-0 lets you play all SoundFont 2 files for Creative Sound Blaster series, and DLS (Downloadable Sounds) files on your host application.
via SonicState

NAMM Update: SoundToys announced that it is planning full VST support for both Mac and PC for the SoundToys Native Effects bundle and the native-capable plug-ins of the SoundToys TDM Effects bundle.
Full VST support for OS X and Windows XP/Vista platforms is expected to ship in late spring of 2008, marking the first time SoundToys [...]

PSP AudioWare has released Xenon is a full band, dual-stage limiter plug-in (AudioUnit, VST and RTAS for MacOSX Universal Binary; VST and RTAS for PC) featuring an integrated Leveller, advanced K-System metering and psychoacoustically optimized wordlength reduction.
PSP Xenon offers 64-bit precision processing throughout its entire signal path, and can operate at sample rates up to [...]