Okay, to save myself some money, and possibly lots of time, I am considering using my computer as my effects processor, using FLStudio and it's effective VSTi applications and mixer to place the effects onto the guitar, aswell as using it as a backing track/synthesizer/drum machine.
I did some small testing, and I found quite a large amount of delay, so here are my questions:
1. Is this a smarter and cheaper way of doing things, as I already have the software.
2. Would using a firewire soundcard and faster, more dedicated computer reduce the delay.
3. Are there any other similar alternatives, other than effects processors.
Thanks in advance, and if I've done the stupid new thing and completely missed a thread please point me in the correct direction

. Thanks, Ed.