emwhy
The bad news is you need an iLock. I know some people hate that, but I have one from Pro Tools and Drumagog so it was no big deal for me.
You wont need a physical key, but you will need an iLok account.
The Saturation knob can also be used within Modular (Softube's VSTi Eurorack modular synth). Here it is very useful, I like to put between the oscillator and the filter and "voltage control" the saturation setting for interesting harmonic modulation effects. I must admit, as much as I like it in this scenario I have not used it much in the pro-channel or as a VST effect.