easily the most original feature on the 555

heres some stuff to do with it

1. set isolator settings to three pads so you got 1.only lows 2.only mids 3. only highs
then play a drum loop capturing only the lows of the bass drum, mid of the snare etc

2.set djfx loop length to a common beat ie: 1/8note repeat at 130 bpm

3.set multiple wah speeds for easy access to dubstep bass

i never saw the use of the effect memory until i starting playing the effects like drums. kind of makes resampling on the computer pointless

No doubt man, Effect memory is MAD useful.

After having 404 when I've bought 555 I was like: What the fuck? 4 colums and 8 lines of effect names? I really loved the simple way of choosing effects in 404 ( with one hand ) plus the list was only 1 column and everything was easy to find.
I remember first time looking for Subsonic effect. I swear Im not retarded but it took me ages
But after getting familiar with effect memory button, I just need to remember:
1 - filter+drive
2 - vinyl sim
3 - subsonic
4 - lo-fi comp

5 - pitch
6 - equalizer
8 - comp

Basically, those 7 are used almost in each beat I make.