The drawback with IDE is that only two drives can be attached to each bus, making a maximum of 4 devices in an average PC including CD-ROM and backup devices, often making it impractical to dedicate a complete bus to one drive. When we look at true multitasking operating systems like Win2000, BeOS, Linux and MacOSX SCSI is a big advantage. FireWire drive performance will improve slightly when manufacturers begin to use SCSI based drives. But the real performance benefits will not appear until FireWire is built into the drive. The advantage of FireWire now is in its hot swap ability, FireWire drives can be plugged and unplugged while the machine is running.
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Yes believe it or not there are many plug-ins available for free or almost free. This article point's you in the direction of some of the free VST's on the web.