Not trying to divert this thread, but Timboe has made a very good point. Toneboosters' TBReelBus for EURO $15 and Barricade for the same amount are absolutely GREAT. They are as he said the "2 plugins of the year". I totally agree (at least for this price point).
Concerning VTM, I will wait for audiomidi or audiodeluxe to do one of their great sales sometime in the (probably distant) future and grab it. It does sound like from users here and elsewhere that it is the one/first Slate product that turned out to be as good as advertised right out of the gate.
CCleary--you mention the limited funds (8 $ an hour) and the high cost of VTM at $250. I would encourage you to try out TBReelBus. Just download the demo and give it a try. It has become my goto tape sim. Sometimes I use Magnetic II, sometimes Kramer MPX, but TBReelBus is the first try and the one I use more than others. So if funds are tight, I really suggest you take a close look at TBReelBus. Just download the free demo and see for yourself. Then, when you get the $250 or when audioxxxxx puts one on sale, grab VTM.
Again, not trying to hijack this thread, just agreeing with Timboe and saying give TBReelBus a try also. Just my 2 cents. YMMV.