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.
I started out with a Vox VT15 modeling amp in the 6th grade and eventually upgraded to one of these babies. It's an amp ready to hit the stage and can get very loud very fast. It's a Tube Amp infused with a pre-amp mp so it's a definite hybrid. The controls are divided into 3 sections: Master, Overdrive, and Normal. The Master section has three knobs that control the overall volume, amount of reverb, and tone cut. The Overdrive section has a full treble, middle, and bass EQ along with Gain and Volume. When activated, the Overdrive function offers a gritty and almost metal distortion sound. You can adjust as you please and get many sounds out of the pre-amp overdrive. Finally, there is a "normal" section that controls treble, bass, and volume. This amp has classic/boutique features and is known to be associated with the Beatles. However, this can deliver some high quality modern rock sounds. In fact, Dave Grohl (Foo Fighters) uses this exact amp! These now sell for $550 online but I'm sure you can find some used once for cheap. Hope this helps!
Built in distortion kicks the need to buy a DS-1 pedal. Pretty tone in itself. It's a good inbetween amp. In fact, a great first gigging amp. It can get pretty fucking loud and it doesnt clip (unless you hit it at 10 with two fuzz pedals and a delay pedal, like my dumbass does). The installed reverb and tone cut on it are big helpers in shaping my tone. 350 bucks for this aint a bad investment.