Yeah, that's the point - the IRIS does have the same technology implemented. Also worth checking out is the Sound Toys plug-ins, made by the very same guys that designed the Eventide fx. But now Eventide is getting some of them on plug-in format, native. Yeah, the outboard gear of them is just completely out of my league.
I run a simple MIDI setup, as I only have to hardware synths. I have the Virus connected to the SL, both in and out, I then have it setup as a midi external instrument on Logic if I want it to read some notes I drawn or recorded previously, or hit the automap button so the led goes off and I can play notes and record the audio directly, for example. My firewire interface also has midi interface, so that's connected to the Korg, same deal, but I can also put the midi Through on that from the SL, so I can play them both, or just one (all it takes is turning the volume down on one of them). No latency problems here.
If you're looking for audio interfaces, and you can afford it, then there's hardly anything better out there then the RME's interfaces - both in sound quality, converters and pre-amps. And you get black magic lower latencies with those as well. But they're sort of expensive. But it works with any given DAW and it's totally hi fidelity stuff.
Your post reminded me that I'm running out of audio inputs on my interface for direct connection and it would take some kind of mixer to get new synths in and being able to have them all connected at once. Would like to get one with 3 band analogue EQ, like the Yamaha's, that let's you choose a given frequency to boost, would be nice. Or something along those lines... Since you have keyboard training and all, what do you think of the keyb action on the novation, btw? I think it's rather acceptable, much more so then other cheap midi controllers I've tried. At least I've grown used to it eheh...
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