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I played with a vermona retro when I was in Germany a couple years ago, and I own a Demeter... to me they're not the same kind of beast. The vermona seemed more like a funky filter processor, that had a simple spring verb attached to it, while the demeter seems like a straight-forward but (to me at least) surprisingly flexible sexy spring and that's it.
I had a *lot* of fun playing with the vermona in the store, but I already had a demeter, and I have other toys I use for filter processing type stuff so I didn't pick it up. I did think about picking it up for my live guitar rig though...
Not sure if that helps you at all, but those were my general impressions.
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