Just because a algoritm was written 5 or 6 years ago doesn't mean it's bad..
In hardware it seems like "the older the better". I don't get all this dfegad on waves..
I think the ren EQ/Comp/de-essers are fabolus..
I have "better" reverbs but i love my trueverb (that one is old..) and renverb to, not to talk about the L1 (witch is the hottest thing to hate around here..)
Waves is great, even if wup sucks..