It is free.  July 8th was the last day you were supposed to be able to download it, but I guess they are running a little late on the cut off.

It has some time to go before calling it "late for the cut off", my calender still shows June.

I found this video of it.
 
https://www.youtube.com/watch?v=XCn7oXf8G9k

Mesh
Thanks gmon72!!
If anyone installs this, please post a review.
 
 
Please note on the bottom of that site:
 
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.

 Don't sweat the License Manager, Mesh. With all due respect to those that object to Ilok license manager, I have it installed on my 32 bit Vista mobile system and my 64 bit main system. It's basically a TSR(is that still a valid term?) and sits quietly in the background.
As for the plug-in itself, I like it. As mentioned earlier, I'm sure the idea of offering it for free is to get exposure, and possibly some feedback on how it is being received before they launch the paid version.
Side chaining is not yet available in the VST version. This may be big to some, but I'm not entirely clear on the concept, so it's not a deal breaker for me.
I have the Studio version of X3, not Producer. While I have access to Pro Channel, the EQ is somewhat cozy.
The EQ in Ultra Channel is larger, and much easier to work with.
And having the various functions in one place is very nice. I've played with it with two guitar tracks and an extremely dirty organ track. It's very easy to manipulate.
Bottom line:
For X3 Producer users, it may be redundant with what you already have.
For X3 Studio users, it's definitely worthwhile.
For X3 users, get this now. It is a very powerful plug-in and you will kick yourself in the teeth if you miss out.

I gave it a go last night using the microshift function. That is pretty nice. I compared it to Soundtoys Little Microshift and found the Ultra Channel's microshift to be more  pleasing. Of course, it could be that the UC's microshift had more controls. I'll try out the compressors later. In the video I previously mentioned, he shows that you can arrange the different modules within the UC the way you like.

RobertB

Mesh
Thanks gmon72!!
If anyone installs this, please post a review.
 
 
Please note on the bottom of that site:
 
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.

Don't sweat the License Manager, Mesh. With all due respect to those that object to Ilok license manager, I have it installed on my 32 bit Vista mobile system and my 64 bit main system. It's basically a TSR(is that still a valid term?) and sits quietly in the background.
As for the plug-in itself, I like it. As mentioned earlier, I'm sure the idea of offering it for free is to get exposure, and possibly some feedback on how it is being received before they launch the paid version.
Side chaining is not yet available in the VST version. This may be big to some, but I'm not entirely clear on the concept, so it's not a deal breaker for me.
I have the Studio version of X3, not Producer. While I have access to Pro Channel, the EQ is somewhat cozy.
The EQ in Ultra Channel is larger, and much easier to work with.
And having the various functions in one place is very nice. I've played with it with two guitar tracks and an extremely dirty organ track. It's very easy to manipulate.
Bottom line:
For X3 Producer users, it may be redundant with what you already have.
For X3 Studio users, it's definitely worthwhile.
For X3 users, get this now. It is a very powerful plug-in and you will kick yourself in the teeth if you miss out.

Thanks Robert for the info. I actually have an iLok account (for only 1 plugin I bought awhile back) and haven't installed that plugin on my new DAW. My real concern is with having the Pro Channel, will this be more useful or not?
Being free, I suppose I have nothing to lose.......
 

I picked it up and had no issues with the install or ilok. I played with it some today and I like it. Great find. Thanks.
 
Rocky

Adding to the static...
 
Hate ilok or anything dealing with company controlled authorization. Free price tag offset my moral balance on this one enough to try again.  After a UVI Mello ilock meltdown where the company told me I was just screwed. Out of luck. Nothing they can or would do.  Live with it..  Plus, I couldn't find a good Warez crack (yet...)
 
The Eventide plug went through without a problem and will get it installed on another box I use for live. Haven't experienced yet if it has messed up anything else. Mostly in my case a learning experience to jump through the activation portals.
 
Took me awhile to get the thing working but less than a minute to hear that this plug was worth the wait. Have only explored the parametric, the fine compressor and the micro pitch shift. This is so far an excellent piece of software. With a gate and delay in there somewhere, this is a must have.
 
Except for the ilock thing, big thumbs up.
 
John
 
Thanks Gmon for the heads up

Got to upgrade my microcosm assessment of this thing for what it may be worth...
 
Cool to killer upgrade for a few, depending on what you might be using it for..
 
Isolated guitar bangers out there may use a compression unit before downstream saturation, then have to put up with the noise swell when the compressor circuit opens up. Compromise is either having to back off what you have a vision for, or put up with the noise using a gate that sounds like a popcorn machine.
 
Gate in Eventide doesn't have the many knobs like other commercial gates.  Just a threshold and release, but seems to do the job of cutting the crap as good as anything out there. This on top of an excellent compressor you can blast a fuzz box with.
 
Inspiring results from quick tests managing compression vs noise.
 
John

Mesh
 My real concern is with having the Pro Channel, will this be more useful or not?
Being free, I suppose I have nothing to lose.......

Here is the Pro Channel that ships with X3 Studio next to UltraChannel.
Studio doesn't have the flyout EQ. The base version of X3 does not have Pro Channel.

For X3 Studio users, Ultra Channel is much more versatile. Producer may have more modules that even the score a bit.
I'm sure the free offer is a somewhat of a market test and Eventide is watching forums such as ours for feedback.
We may even be participating in some final beta testing. So far, the plug-in has been well behaved, does what it is supposed to do, and CPU load is light.
Hopefully, they'll get sidechaining working in the  VST version before the paid release.
It's not a big deal to me now, but if I were dropping $249 for it, I would expect the whole thing to work.
As it stands, it is a very nice plug-in though.