A patented filter? Unlikely. For one thing, the plugin is modeled from a hardware device.
Here's a
video where you can see the actual EQ curves. They look like any other equalizer, except for one interesting anomaly: turning up the lowest band raises the volume of
all frequencies. An EQ that turns everything up, now that
is unusual. And if you didn't know it was doing that, you might think it sounds better and not know why. When users rave about it, they tend to use phrases like "I don't know what it does, but it's magical".
According to the hardware version's manual, all of the filters interact with one another. Turning any one of them up also turns up the adjacent bands. Could this be part of the "magic"? Seems like there'd be a tendency to boost the overall level every time you turned any band up.
Some users comment that small changes seem to effect big audible differences. If turning one knob is the same as turning three knobs, then yeh, I could see that.
I wonder if the big secret is just that the bands are very wide. One of the company's marketing bullets is less-than-normal phase shifts. My question for you electrical engineers is: how do you design a hardware filter that doesn't obey the laws of physics?