We are now in the download and voting stage of the KVR Developer Challenge 2012. This news item features an entry called Fusion Delay by SonicXTC. You can download it for free here.

Here's what they say about it:

Fusion Delay is a Windows VST effect designed to create syncopated and evolving delays to any signal. What makes Fusion Delay special and unique is the Plasma section that can be fused with the built in delay signal chain. To our knowledge, Fusion Delay is the only free VST Plugin to use sonic "Acoustic Dispersion" effects. Acoustic dispersion is the phenomenon of a sound wave separating into its component frequencies as it passes through a medium.