First vid up:
 
http://www.youtube.com/watch?v=LNkaGACWuhs
 

Edit:  I checked the YouTube video - Nice... looks like FabFilter put a lot of thought into it.
Even so, I've already hit the G.A.S. pedal a couple time recently so it's not in the budget right now.
 
Simi-related - speaking of multi-band I picked up Blue Cat's MB-7 Mixer before I heard about this and have been playing with it.   You can have up to 7 bands and the ability to insert & stack VSTs in any band (comp, limiter, saturation or other FX's) or just use it as an EQ.
I'm not really a fan of stacking FXs in a plug-in, prefer to handle in the DAW but being able to add FXs within a band is pretty cool.  They've got some pretty cool demo videos on their web site.
They had a 20% off sale that was supposed to end on the 15th but looks like they're still honoring it.
 
Anyway back to the previous subject...

cryophonik
First vid up:
 
http://www.youtube.com/watch?v=LNkaGACWuhs
 

This video is great as are all  of Dan's.  I had been wondering when Fabfilter would come out with a MB.  Strange that it took this long.  Will be watching for a sale to grab this.

1) xmas discount (as past years.. but maybe only bundles *sigh* )
 
2) intro offer (like d16 / uhe did recently :) )
 
place ya bets..
 
very tempted.. and like the rest of you I own 1+ thing that already does it.. how it looks visually appeals to me as well, with regard to how it moves the curve also, as opposed to just the raw signal.
 
 

Released this morning:
$229.00
http://www.fabfilter.com/products/pro-mb-multiband-compressor-expander-plug-in

Key features

• Up to six processing bands, freely placed anywhere in the spectrum
• Bands can be easily snapped together to form a traditional crossover system
• Unique Dynamic Phase processing mode featuring zero latency, no static phase changes and no pre-ringing artifacts
• Excellent Linear Phase processing mode, eliminating audible artifacts when quickly changing crossover frequencies
• Minimum Phase processing mode
• Handles any form of dynamics processing, from highly transparent compression, limiting and expansion to pumping upward compression and punchy gating
• Fully customizable per band: threshold, range, attack, release, output gain, ratio, variable knee, lookahead (up to 20 ms), variable stereo linking, mid- or side-only processing, external side chain input, triggering on a separate frequency range
• Steepness of each crossover slope can be freely adjusted between 6 dB/oct and 48 dB/oct
• Intelligent, highly program- and frequency-dependent attack and release curves
• Global dry/wet mix from 0% to 200% to easily scale the total effect of the plug-in

• Unique interactive multiband display, designed for an optimal workflow
• Accurate and smooth real-time frequency analyzer with pre- and post-processing options and 'freeze' feature
• High-quality audio processing algorithms with 64-bit internal processing where needed
• Up to four times linear-phase oversampling
• Band solo/mute and bypass options
• Precise output metering
• GPU-powered graphics acceleration
• Double-click text entry of parameter values
• Stereo and mono plug-ins available
• Supports common Pro Tools hardware control surfaces
• MIDI Learn
• Undo/redo and A/B comparison
• Smart Parameter Interpolation
• Sample-accurate automation of all parameters
• Extensive help file with interactive help hints
• Available in VST, VST3, Audio Units, AAX Native and AudioSuite formats (all both 64-bit and 32-bit), as well as RTAS (32-bit only)

This thing is sweet, it's a done deal here.
 
Try the demo if you can. Very useful for adding dynamics & adding clarity.
Start with the presets as starting points then start adjusting.
I had a few glitches, not sure if it's from the oversampling otherwise it's functioning well.
 
Off now to dig deeper.
 
 

Thanks for the info Carl!
 
Have you seen any time frame or potential prices on the paid update to Pro-Q 2.0?
 
Kind regards,
Rick

No Rick,
All I know is that it's in the works.

Had a change of heart and bought it. 

Just checked how much it would cost me by logging into my FF account.  They discount based upon how many other FF plugins you already own.  For me the MB would cost $137.40.  That is a 40% discount.  While a good deal, I will have to wait for now as I spent my savings on Orange Tree GB and X3 upgrade.  It looks pretty and I now FF did it right, just money is too tight.  Bad timing.