Exactly... It's a guitar-amp&cabinet emulator + some effects and different microphone modellers...
We've up until now only used the basic GuitarPort, but we've configured our own presets instead of using the default ones.
We bought the "METAL" addon pack for the GuitarPort just a few days ago... As soon as we've tested it out seriously I can
always return here with some info on how we think it works...
But from our experience so far I can honestly say the guitarport simply makes recording guitars a pure joy because of its
simplicity. And I'd like to remind you people that we've tried the Behringer V-Amp2 as well, and would NOT recommend anyone
getting that.