step 1:   Use the ProChannel tape simulator on every channel,
 
step 2:   Set to 7 ips (NOT 15)
 
step 3:   click "link" to link the input and output knobs
 
step 4:  turn input up until signal transients flirt with the red area of the meter.
 
step 5:  place console emulator AFTER the tape module in each track.  set to N, S, or A per your liking.
 
it may sound "dark" at first, but give your ears a chance to adjust.
the compression that results from driving the tape at 7ips is quite pleasing.  
happy mixing!!!

Cool tip, thanks.

Cool beans I will give this a try.....
 

Thanks!

I typically use this when mixing acoustic (bands, singer/songwriters) material- but I imagine it could  be used on anything.  
I am a huge proponent of the PC tape module.  I own the Kramer Tape plugin from waves (and i like it lots) but the PC module has become a staple of every project.  I don't know if it's accurately modeled because I entered the fray in 1999- just as digital was taking over.  But I am impressed by the weight and warmth added to any sound.  The "smudge" and compression, while not for every situation, effectively take the digital sound out of digital recording and mixing.  The "darkness" imposed by 7ips is partially and pleasantly restored by the console emulator placed after the tape (i prefer the Neve setting).  
 
When tracking a band, i often use ONLY the process described here to create a rough mix.  Clients have LOVED the vibe of these rough mixes.  Full disclosure- I may also throw the vintage channel (preset "Master Mix") on the master bus for these rough mixes (not tot mention more tape saturation and a bus console emulator).
 
If you are pursuing neat, tidy, "clean" mixes, this may not be for you.  If you are seeking fat, punchy, warm, slightly dirty (or downright filthy) mixes, give it a try.  
 
I am working on several projects at the moment.  When they are released, I will post links and info (in the appropriate forum area ;)

ive been using a lot of analog gear as of late. using gates to suppress the noise levels(as well as EQ)
but I am finding it a lot more realistic in many ways.i have a Tascam studio 8/388 / 8 track reel 2 reel.
the mixer section of the board is incredible. and the pres is so warm it sounds like each channel is compressed all by itself just by dialing in the right EQ.
these older boards are becoming an item now and even some bands using the recording section to record their albums.
jack white of the white stripes or Boston's new album, Tom Scholz recorded all of it in analog reel 2 reel.
 
I love the ease of digital but I find it is missing something. I miss that unforgiving analog meter that would never clip like digital would, it would just saturate.

Vintage gear is the best sounding with the least effort, no doubt.  
But acquiring and maintaining it takes maximum effort.
The PC tape module doesn't clip, it just saturates, as you mentioned.  
I don't claim it's accurate, I just claim to really like it.  
 
Chuckebaby, Since you are using REAL tape  lately, i would be interested in your opinion of the technique described in this thread.  

I have some older external effect 2 x (Boss Pro SE-70) kind of the swiss army knife of analogue effects of the 90's.used mostly with 4 and 8 track tape machines... All Still working ..But the PC came into play soon after, and the hair loss...so I have shelved a lot of old gear still working and waiting to come out of the closet.
 
I used to run the output of the audio card, or tape machines into that, on a: EQ, compression, stereo enhancer, reverb setting I made and saved....and ran that back into the input, and recorded it back into the mix. on a stereo track....Kind of made it darker, and more distorted, but pleasant sounding on  Guitars mostly....Haven't got that setup yet on the new gear I now have, as it seems Cakewalk has it all in the box...Again Thanks Cakewalk!...but fiddling with older tape based external and hardware effects for Analogue...are also possible, and should not be limited to the box....imagination in studio, is the magic of mystery gold sometimes...in some history revealed....so keep the thinking hat on peeps!

BlixYZ
The "darkness" imposed by 7ips is partially and pleasantly restored by the console emulator placed after the tape (i prefer the Neve setting).  
 

 
Yup, one of my favorite/most used PC combinations too!