No, it doesn't. But to be honest, this would be next level. When looking at this, I'm thinking of alternatives and I can only name 2:
1 - Kemper Profiler
2 - NeuralDSP
Both of them are above 1000€/$. We are talking about 10x the price of this thing. Add some Multi-FX Pedal (like Line6 HX-Stomp) where you put this in the FX-Loop and you end up with something equally good for still half the price.
And in general, its not about what is better, digital or analog. It's about the use-case. In the studio or when noodling around with the knobs when practicing: Real Amps and Pedals. But on stage, you don't play with the settings of your pedals or you want presets. This is where you go digital. No one will notice the slightly different sound there anyway.
Yeah, true. But you would only change it between songs, I guess, and only to the values you always use for that song, right? - This is what I would capture and use as a preset, preset change triggered by MIDI from the MultiFX unit.
I know some who change their settings during playing, but I wouldn't consider this as standard. Also, you can still add a real Pedal to a MultiFX Board if you really want to change its settings live.
On the contrary, automatically changing the settings controlled by your DAW and triggered via MIDI into your MultiFX unit is also pretty common. You don't have to hassle with your Effects at all and can concentrate on playing, what you should, as you need to be absolutely on point.
1 - Kemper Profiler
2 - NeuralDSP
Both of them are above 1000€/$. We are talking about 10x the price of this thing. Add some Multi-FX Pedal (like Line6 HX-Stomp) where you put this in the FX-Loop and you end up with something equally good for still half the price.
And in general, its not about what is better, digital or analog. It's about the use-case. In the studio or when noodling around with the knobs when practicing: Real Amps and Pedals. But on stage, you don't play with the settings of your pedals or you want presets. This is where you go digital. No one will notice the slightly different sound there anyway.