For the money, the KSP8 is still an awesome, great sounding box.
Solid reverbs (there's a reason some ex Kurzweil guys are working for Bricasti, if I'm not mistaken) and a great collection of other DSP algorithms for echo, chorus, phasing, flanging... With a very simple interface for 'chaining' effects any way you like.
THe best part to me is that you can set it up with ADAT i/o as four separate stereo engines. That's a huge boost to any DAW.
The only weak spot is the lack of good pitch shift algorithms, but I have enough solutions in the box to take care of that...
I'm sure the new Eventide stuff is more powerful, but it's also a whole lot more expensive.