What I like about the idea of this plugin is that it makes it possible to load multiple plugins at once, as a preset, and doesn't replace existing plugins, as currently track presets do.
Track presets as are now are good idea, but they replace everything already loaded. So if you already have say 2 plugins loaded, and load track preset with 3 plugins, previous two are removed.
This plugin alows you to load track presets, but doesn't mess your other plugins. And it has paraller setup, which is something that is not possible within Cubase from within plugin inserts.
Steinberg could make such utility plugin as part of Cubase, it would be handy.
Cubase 7.5, Win 7 64bit, i7-4770K @4.3GHz, ASUS Z87-K, 16Gb, 2x RME HDSP 9652, BCF 2000, BCR 2000, Novation Launchpad Mini, M-Audio TriggerFinger, Korg NanoKey, plenty outboard synths and fx, 24ch Studiomaster mixer, Yamaha NS10s, Dynaudio BM5, Samson Rubicon R8a Ribbon, etc...