"thank you for being interested in creative electronic music."
This has been a long time coming! I believe it will seriously be a great thing for electronic music instrument designers!
The DubStomp pedal from SynthShopping.com transforms your guitar playing into deep, sweeping, wobbling bass. It has eight patches ranging from mellow to aggressive to devastating and finally, alien.
Interestingly enough, the FV-1 chip contained within it is powerful enough that it can create a synth-like sound using the original guitar sound - not re-synthesized. The nice thing about this is that the sound reflects all the inflections that guitarists and other string players normally use while playing. This includes bends, harmonics, muting, etc. Each of these sonic events goes through the wobble and pitch filters and emerges in its own new representation.
It's a merger of live playing and synthesized sound.
This video introduces pleasure-seekers to writing code for the FV-1 from SpinSemi:
BTW, If you haven't heard of the style that has been pervading music called dubstep, go look for some on youtube :) It's the style of music this pedal was designed to emulate.