From version 3, Crossfade Loop Synth is actually two plug-ins: Crossfade Loop Synth and Crossfade Loop Synth Effect. The effect version takes the power of Crossfade Loop Synth and turns it into a live sampler, a looper and a very unusual and powerful delay effect.
Version 3 is a major upgrade from version 2, adding many powerful means of shaping your sound, whilst maintaining the simplicity and CPU efficiency that made version 2 so popular.

Crossfade Loop Synth
Crossfade Loop Synth is at heart a simple sample playback synth plug-in. It plays samples in the classic sampler manner - by simply altering the playback speed according to the desired note. No fancy timestretching or pitchshifting is applied.
You can control how the sample is looped as it is played. An adjustable amount of crossfade can be applied to the loop endpoints to smooth the transitions. This makes it extremely easy to produce glitch-free pad sounds. The loops can also be played backwards and alternately forwards and backwards (pendulum-style).

Further sound processing can be applied in the form of overdrive/saturation, filtering, envelopes (for amplitude and filter), pulse-width modulation, oscillator sync and LFOs (one each for filter, pitch, PWM and sync).

The synth is 32 note polyphonic, and all parameters can be controlled by MIDI controllers.