I have never used it, but saw it do it's magic on the Groove3 "Mixing with Sonar X1" video (p.s. thanks again Cakewalk). Where can I see help text or general info about it. It looks pretty straightforward, but I'd like to get the in & outs of it. 
Anyone using it? Or is it a "walk on by" thingy?

Very useful tool. The help for the plugins is supposed to show when you hit F1 with the plugin in focus. If that does not work (and it does not for me in X2a), the help for the Channel Tools plugins is in either "C:\Program Files\Cakewalk\Vstplugins\Channel Tools" or "C:\Program Files (x86)\Cakewalk\Vstplugins\Channel Tools" depending on your installation.

I use and like it.

It has many places for me.

Like anything else Im lost on, I make huge changes to see what it is about when messing with it

I don't like it. I used to use it but on all the final mixes, the tracks just didn't sound right. If I want to make this kind of effect, I record two tracks seperately for each side. IMO, it sounds much better.

Thanks for the feedback- Scook, i can't get the help to open with F1 in X2 latest patch- I'll go to the file as per your instruction. Thanks again for all responses.

I use it all the time on Stereo tracks - it lets you place your tracks wherever you want in the Stereo field, and it does M/S as well.

This plug in is useful for a number of things. One thing I have done is put an Oscilloscope after the channel tools plugin. I have used the scope to give me a stereo reference and widen the stereo mix. This works well. I also have used channel tools to reverse polarity/ switch phase on the bus strips. check out the meter below. It is a free vst. there are others out there as well.

http://www.kvraudio.com/product/gonio_by_ukm

http://www.uk-music.de/index.php?page=gonio

when ever i am losing an instrument in the stereo spectrumn (sometimes with frequencys being to close) i use channel tools to push it out and in the face. one of the best plug ins in my opinion.its a hidden gem.

Wow-I like finding hidden gems. -what about the delay feature is it useful? it looks kind of minimal to me-almost to a fault, or is it supposed to be a one trick pony.

For me, it is by far the most-used of the bundled plugins. Like Jonesey, I use it primarily for stereo panning but it also has several other, more esoteric uses such as Mid/Side decoding, microphone phase/polarity correction and stereo enhancement.

There is a help file for it (vstplugins\channel tools\channel tools.chm).