Yeah, I bought this pedal when I was first getting into effects. I looked at it as a sampler platter, so to speak. It's led me to buy most all of the pedals that the ME-20 is simulating. If you are a tone snob, you won't like this pedal very much. I don't like Boss pedals that much anyway, and these are sorta cheap renditions of pedals that I don't love. But it sounds like you are not so much a tone snob, so it might be fun. I am not convinced that multi-effects units have arrived yet, and the ME-20 is pretty much the poster child for that. Limited is the best word I'd use to describe it. Most of the distortion sounds are bad, the reverb is weak but the modulation effects seem decent. The unit has an ok EQ section, although it's a Boss pedal so it's pretty ham fisted when it comes to handling your overall tone. But it's got an onboard amp sim that will let you listen through headphones (that was a great feature at the time I first bought it) and if you are resourceful it will work just fine. The patch feature is decidedly Boss, it's fiddly and complicated. But if you take the time to learn it, it's really useful. And the preset mixes are actually pretty good. I think you are describing it correctly, you add the effects that you like then dump it all into a preset for use later. It's adequate if you think of a song as an A section, B section and maybe a bridge. It's not a soundscape device, it has its limitations that you just have to work with. And if you learn how to use this pedal then the rest of the multi-effects pedals become pretty intuitive. DO NOT LOSE THE MANUAL. Don't. Or if you do, just Google it. Good luck. I'm sure you will love it for a while.