It has all the bells and whistles of both the first and the second but with a few necessary added features.
 
I modified the ranges of all the controls and how they work to make it really easy to use. This is a great tool to use for mastering for beginers and the more experienced.
 
Here's whats new:
 
- Tube  - Tube distortion
- Thick - Auto Gain Compensated Glue Compressor
- Width - Stereo width enhancer
 
Here's what hasn't changed:
 
-Clipper - Glue Compressor with the soft clip setting on
-Glue Controls - Compressor sidechain HPF at 150Hz, fast attack, medium release
-Grit Controls - Saturation Station
-Sheen, Presence, Low End, Low Mid Controls - Mid/Side EQ controls
-Mid and High Squeeze - Gentle multiband compression
-Ceiling, Boost - Limiter controls
 
It is made with all Ableton stock plug-ins so anyone with a copy of Ableton Live Standard Editition or better can use this effect rack.