my actual setup isn't much complicated, but sounds mighty good imo (it's not cheap, but not superpricey either)..
korg pitchblack->catalinbread SFT->MXR Carbon copy->catalinbread valcoder
the sft sounds supergood with guitar.
http://www.youtube.com/watch?v=CtrmxACnMhA
I want to try a malekko 616 (actually I hoped for a tap-tempo from them) instead of the MXR, but there's no rush. Nor money ha ha.
I'm not much of a guitar player, but I'm tryin' ha ha..