Please read this carefully if you are coming from one of the 3.00 beta versions:The Dynamic Presence knob is now the way it was in 2.04 and earlier. A NEW parameter has been added called "Xfrmr Grind" (Transformer Grind). This parameter does what Dyn Pres did in the 3.00 beta versions. So now it's the best of both worlds.Axe-Edit has NOT been updated yet so the Transformer Grind parameter can only be accessed via the front panel until Axe-Edit is updated.Existing presets will be updated to default Transformer Grind and Dynamic Presence values upon recall. So make a mental note of where you were setting Dynamic Presence and set Transformer Grind to that value.IF YOU WERE USING THE RELEASE VERSION OF 3.00:Due to an incompatibility with Axe-Edit any presets created with 3.00 will have Transformer Grind and Dynamic Presence values set to default values upon recall. Otherwise there an no changes from 3.00.For latest firmware go here: