Just sold my AxeFX. A killer unit and super versatile, but I could not justify (or afford) tubes amp(S) and the AxeFX. So now I'm trying to determine the best course of action for headphone practice/playing and recording direct to disk. I've used Guitar Rig 2 before, it was okay but not great. How good is three as far as sonic improvement? I know they added stuff, but did they UPGRADE tones? I downloaded a demo of Amplitube (like the idea that you get a full working version for 10 days). It is pretty basic on the surface, but that's a good thing to me. I was up and running quickly and efficiently and it was easy to tweak, not sure how it will fair latency wise in tandem with Reaper. Anything else to look at for PC / software based recording in the $200-300 range (less is better obviously I am also toying with the idea of an attenutor / dummy load on my tube amps with DI into my soundcard. I would still need some type of cab sim and I'm concerned it just won't sound nearly good enough. Another option is one (or a few) of those Tech21 Character pedals. I've heard pretty good things, they are not that expensive and I've heard THEY actually take other pedals in front / behind and then into the soundcard. That would also take any latency issues and processing power off the audio card / PC as well. But, much less versatile. Thoughts? Let's here them, clips welcomed!