It does, but the thing about the Little Bastard is that the volume is also essentially the "gain" control (no seperate preamp & 'master' control). So, if you want "living room volume" (different for everyone, granted)- you won't necessarily get the amount of tone and saturation you want. This setup works great in the studio, but is less flexible in terms of volume levels in a given environment.
It appears that Ashdown has recognized that with the new amplifiers. Independent gain and volume control. Sure, not the same as dialing in power-tube saturation, but it still makes them more flexible overall. It seems the eq is more deliberate for these types of scenarios, too. (cant say how it all works until I try one, of course!)