Cool.
Though knobs look cooler, sliders for the threshold and output ceiling might be be a little more useful, well whatever so long as it's easy to fine-tune settings very precisely (to easily get the output ceiling to .03 for example).
If there is an extreme difference between the Mellow and Loud settings, a setting in between them might be useful, so one could get something a little less distorted than Lx but not too much more if that makes sense...
Anyway, no rush on this one, take the time to get it right I say!