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Top Boost Channel is the only channel, no tremolo, lighter cabinet casing, full VOX tone, I say this is good enough to tide one over before upgrading to the real thing.
I think they come with Celestion Greenback speakers now; just incredible tones outa this thing. I live in that range between clean and distorted, keeping my neck pickup volume low, so it sounds clean, and then the bridge all the way up so it's nice and crunchy.