Check out this short video demonstation from Sound on Sound Magazine from AES.
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Coloring Box. It covers a complete spectrum including mastering-grade saturation, tube-inspired distortion and glorious destruction. The input and output stages as well as the complete audio path are fully discrete designs running in constant class-A mode. The result: Signal coloration, high-end style. All potentiometers of the karacter 500 have 41 steps, which is a great help for recalling your previous sessions fast and precisely.