the 26... filters are shaped to approximate the critical band filters in your ear.

I have to say I wasn't aware that I had 26 band filters in my ear :)

Despite the BS-sounding description, I will definitely try this, though.

I guess it's time to get my first Eventide)

um it requires ILOk.

Nah it only requires an ilok account not an ilok stick. This is a very interesting plugin, it can so some amazing filtering as you can solo many individual bands at once while leaving others completely open. Its a good flavour.