dmbaer
iLok2 required. For some that will be enough to take a pass.
There was a time when I was anti-iLok, but there are just too many great tools out there that require it -- Slate, Softube, Sonnox, Soundtoys, Kush, and the list goes on. These reverbs coming out lately are very enticing as well. You're limiting yourself quite a bit by shunning the dongle.
(I'm assuming we're talking about a desktop machine here -- obviously there are other factors if you're working on a laptop.)
An easy way to obtain an iLok is to buy RC-Tube from Slate for $50, which is a fair price for the plugin itself. You'll receive a shiny new iLok2 as part of the deal.
Cheers,
Eddie