Got to play a bit more with the pedal.
First, it's really well built, feels solid and I just love the leds on the knobs that Fender offers with these pedals. I allows you to see all the positions even at dark stages. The pedal is also very quiet and without perceptible noise.
After reading the info that Fender had displayed at their website, I thought that distortion 1 and 2 were 2 diferent circuits with one being more low to medium gain with more lows and low mids, and the other more high gain with more mids and high mids in the tone. From my experience, it seems that both channels use the same circuit, at least if I set the knobs identical in both distortion 1 and 2 and turn each one on and off they sound the same to me. That's not a bad thing in itself, I just expected something diferent here. The higher gain comes when you turn both on, but to me it sounds thinner and a bit buzzy although you can bring back the low end with the crossover section. That's particularly usefull with higher gain settings, although this pedal doesn't really get into distortion mayhem territory.
At lower gain, you don't need the crossover IMHO. You get a fat, tubey sound that sounds great with a p-bass with flats. I love how it sounds this way, and it's really sensitive to your playing dinamics. I found out that I like to roll the tone on the pedal a bit to the left to set it to my taste because with everything at 12º it sounded a bit trebly to me.
When setting things at higher gain levels, the crossover is an amazing tool. The fact that you can choose the cut frequencies and the volume of the clean section is really great. Messing with both the frequency and the clean volume gives a lot of tonal versatility, and it sounds better if you turn the tone on the drive to the right for more razor drive while keeping a lot of low end.
This pedal sounds really great and for me I think the way I'll use it is with the drive 1 at low gain settings since it has no clean blend, and drive 2 with higher gain so I can make use of the crossover blend. I didn't specially like with both drives turned on but each one has it's own flavour this way and I love it.
If you're looking for higher gain distortion, this is not the pedal for you. But at what it does it's a great sounding pedal, very well built like most of this Fender series pedals, and at a great price for the options that it offers.