You can set what effects pedals you want, choose a wah pedal, add some extra effects, choose an amp with extension cabs etc. Once you're done editing, you can save it to one of the 128 channels. The channels are set up in 32 groups of A, B, C and D.
It's great to have all these variations at your disposal, for example using weird and wacky synth sounds, but gosh darn it, I just wanna play guitar! That's the exact feeling I had when I shut it off at midnight to hit the sack. I think it'll be fun to play with but I don't want become a slave of twiddling all these effects all night long instead of playing.
So far so good, I'll try some more settings tonight, but not before my regular 1/2 hour of finger exercises.