All,
A friend of mine recommended the MXR M-80 DI+ pedal
http://www.jimdunlop.com/product/m80-bass-di and I used it for the first time at church service. I used it bypassed with 48V phantom power.
It is very quiet in terms of hiss (equal to my Shuttle DI in PRE setting - which reportedly is like a Countryman Type 85)
I heard NO hum (this is a
big deal) when disconnected or connected to my amp's input. The venue I play in is very bad with ground and EMI hum. Single coiled pickups get eaten alive here. I usually have to put a transformer in series with my amps DI output to kill the ground loops. No need for the transformer with the M80.
I had no issues with overdriving/clipping the pedal. Seems like there is plenty of headroom.
That alone would make the $125 I paid for it worth it (because now I don't have to bring my amp and cabinet to church/practice - we have good IEMs and the sound system allows me to feel the stage shake with the subwoofers). However, there are two channels to play with.
I'm just getting started with the distortion channel and it will take some time. I would use this occasionally for noodly stuff
The unit is built like a tank and I am happier with it than my old Sansamp bass driver DI box (excellent and classic unit - but the lack of a mid knob, I just couldn't handle)
In my mind this really is a DI
plus additional features. I don't feel they skimped on the bypass DI (which is VERY important to me as this is what I'll use 90% of the time). However, now I have the flexibility of two channels.
The eq isn't touchy and the knobs have a rugged feel. The eq does its job but when bass, mid and treble are set at noon it sounds identical to the bypassed tone. I like the eq frequency choices - if you were to use this pedal as a preamp it seems well suited for that too. Also, the distortion channel with the blend set to dry sounds identical to the clean channel with the color switch engaged. Therefore you could have a color set on the clean channel and use the distortion channel as the same sound but just boosted. Or you could use the clean as a mute channel by setting the volume to min.
Thus, there are a lot of options. I particularly like the blend knob to mix dry and distorted tones for fine tuning the sound. I also am impressed with the noise gate- apparently I'm the only one based on what I've read on here

It doesn't kill the noise, but it does seem to help but you need to mute your strings for it to engage.
Is the unit perfect?... no. I wish they didn't couple the mid scoop (they call it "color") with the distortion channel. I *think* I like sharing the eq with the two channels, though I'm not sure. I can deal with this with the eq though.
This can also be used to drive the input stage of an amp. So you don't have to use it as a DI. As my amp has a nice eq section (which I don't use) - this doesn't attract me much. You could use it as a distortion effect pedal that way. I'm new to distortion so I still need time before I can evaluate this part of the pedal... but it is kinda fun to mess with.
So I'm still learning how to use it, but if you haven't checked one out I suggest you do so if you are in the market for an active DI and wouldn't mind a couple of programmable channels to mess around with.
ok I'll shut up now, but I like sharing when I find something I like. Partly because when I was younger I wish someone had done this for me (I wasted a ton of money and time learning the hard way).
Take care,
mozarwasagenius