...through midnight July 8, 2014.
 
http://eventideplugins.elasticbeanstalk.com/ultrachannel.jsp
 
Enjoy...

I was about to take you up on what appears to be a fine offer when I saw this: 
 
"UltraChannel does not require you to own or use an iLok dongle, but the iLok License Manager and an ilok.com account are required to use the plugin. An ilok.com account can be created either at ilok.com or within the iLok License Manager application. Please download and install this software if it is not already installed on your computer. This application allows users to authorize up to two computers or an iLok dongle to use UltraChannel."
 
 
That scares me away.  But should it?  I have gotten gun shy over the years about iLok  I tried it but it caused so many problems for me I gave it and the application  that required it up.

Dear Mr. Eventide: If you remove the iLok requirement to run your products I would be willing to pay you for your product. As is, I'm sorry but we remain at philosophical loggerheads.
 
Regards,

I've been using iLok for some time now for EWQL and Synthogy products, so it's just one more license for me.  But I understand your concern.  I too have decided not to install freebies like this in the past.
 
One thing that I find useful is to toggle off all the services/drivers that I don't need using a program like autoruns.  This way the additional functionality is only a single mouse-click away when I need it, but not running when I don't need it.  I also use a USB port with individual switches, one of which contains my iLok.  That too only gets switched on when necessary.

Rodan,
The Ilok license manager is ok. It's virtually identical to the scheme IK uses. The licenses are stored in a specified folder on your computer, ready for immediate access.
I've never owned a physical Ilok, but the manager is pretty transparent.
 
Be sure to watch the videos for the coupon code. This is the "Access Code" for the download.
 

The offer goes through July 8.

You saw that before I edited it, didn't you?
That's what I get for reading stuff at the end of a 15 hour workday.

I think we define "transparent" differently.   i dare you to try and uninstall the ilok software cleanly.  Took me months to get rid of it.  Even whe nyou think it's gone, it hides and re-installs itself

Those of us who use Sonar won't be getting the most out of Eventide's UltraChannel. According to the manual, side chain operation works with only AAX and AudioUnits plug-ins, not VST. 

Haven't tried this but looking at the image, it doesn't appear to offer features that aren't already included in the prochannel modules. I'm going to pass. I don't need another freebie VST that I'll try once and have it sit in my VST folder unused.