Does the Peavey qualify as a real amp? The tone is coming from digital modeling world, right?
Well I suppose yes and no!! It is a real amp as in it's got a speaker and it's got air.
It's a modeller in it tries to change characteristics of the amp to sound like another amp. Now to me I agree with you, they don't sound convincing.. Also these costing £450 / $700 they aren't far off an Engl, Orange, 5150, Bugera, Laney IRONHEART etc.
But it proves this, an amp is more than the air it pushes.