Finally got this thing yesturday, and all the rumors are true. It is
true bypass. The switch clicks rather nicely, and causes a little pop when switched! Very easy, smooth switching.
AND NO TONESUCK!!!!!!!
Now, my first concern was how it would track my low-B, and when I want a low-A. All my concerns were blown away when I hit the B and
BAM!!!! Up comes the display: "B". Even when down tuning to A the tuner kept up, and I was able to hit the A note bang on, with out going flat. I was never able to do that with the TU-2.
The display it self is quite big and very bright. I have mine in sweep mode, but it is very easy to switch to strobe, or even set the calibration frequency. Just hit mode until the mode you want comes up. In the calibration mode you use the 2 arrows beside the mode button to shift it up and down.
The in/out/bypass jacks are quite sturdy, as is the whole unit. It's about the same size as my TU-2 (a little thiner), but it's like 3x as heavy! The battery door is a little pain-in-the-@$$ to figure out, but I just slipped a pick underneath and popped it open.
The price on this was $90 CAD. In comparison, my TU-2 cost $125 CAD. IMHO this should become the new standard over the TU-2. I give the CT-04 10 out of 10!