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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 [...]

KeyToSound Audio Technology has announced the release of public beta versions of its new audio production suite, the Production Pack, for users on the Windows and Mac operating platforms. The operating version is 1.0r2.
The Production Pack is a collection of four studio-quality audio mastering tools for use in Digital Audio Workstations and host programs. The [...]

Wusik, creators of the Wusikstation VSTi, have announced 3 new products.
Descriptions:
Wusik Tool Melody
You play a chord in the lower section of the midi-keyboard, and the upper section white-keys will follow the chord you play. So, for instance, if you play 2 keys at the lower area, those 2 keys will be used for all the [...]

Blue Cat Audio has updated their all-in-one dynamics processor, Blue Cat’s Dynamics. The new version (2.0) of this Compressor/Expander/Limiter/Gate DirectX and VST plugin for Windows brings undo/redo support, presets export/import as well as user interface enhancements.
New Features:

Smooth Bypass: activate/deactivate the plugin with absolutely no noise
Undo/Redo
Load/Save presets in a host-independant format: you can now share presets [...]

Steinberg have announced that Groove Agent 3 is now shipping. Groove Agent 3 provides new virtual drummer modules, drum kits and a range of other features .
“Groove Agent 3 puts musically complex and ultra-realistic drum tracks just a few clicks away,” said Helge Vogt, Steinberg’s Product Manager for VST Instruments. “The simplicity of the [...]