I think it's awesome! It works really well for me in a band with 2 guitars, violin, 2 singers, 2 percussionists... Unless you have the character and mids all the way down you should be good. Experiment with the character knob. I've also found that turning down the character (to about 10 or 11 o'clock) but turning UP the drive to about 11 or 12 can yield a huge tubey tone with distorting.
It gives a good light overdrive SVT sound. I find that I don't like the distortion sound it puts out on it's own, but it does amazingly good things for over drive and distortion that are run before it. Try a Bass muff or MXR bass fuzz deluxe in front of it or your favorite fuzz pedal.