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recording guitar with pro tools 002 rack

I'm building my studio around a Digidesign 002 pro tools rack, currently I have tried Micing my marshall avt150 with two mics, a Shure SM57 and an SM58 with some reverb on the amp, with it set on the second overdrive channel to get some majorly rocking distortion and routing each channel in pro tools via a bus with compression and delay plugins, then mixing the two mic inputs.

m-audio octane channels not appearing in cubase

Hi,
I am using a m-audio octane connected to a firewire 1814 via toslink to record various tracks into Cubase sx2. Recently, when setting up the channels in the vst connections, I noticed that Cubase no longer recognises all of the optical channels but only recognises the first two. Has anyone come across this problem before?
Thanks in advance
Eoin

Could software plugins take over hardware gear?

Looking at all the growth in the effects plugins in the last 2 years, some of them are better than the hardware effects units, I was wondering if software compressors would meet with the quality of hardware compressors anytime soon. Do you think it's possible? If not, please tell me why.