check out this guy from 1989. it was somewhat of an ebay bargain, and i can hardly believe it was so cheap.
it has three channels:
R1 - 98% clean
R2 - typical marshall crunch
L1 - diode pedal boosted lead (something like a tubescreamer or SD-1)
and you can also select in an FX loop and/or 5 band EQ.
the default valves were some sort of no-names and they weren't that great, so i put in 3 JJs i had spare. channel R1 uses V1, R2 uses V2, L1 uses V2 and V3. the JJs added lacking note definition to the R1 and R2 channels. quality of the components is pretty decent - mostly TL072 opamps, which I like. there are some less good opamps in there, though they don't seem to be on the main signal path. good capacitors were used too, but i haven't checked if there are any electrolytics are on the signal path.
the clean channel is really nice, if you dig in you can get it to break up a little. the crunch channel is also really nice, though it doesn't clean up when rolling down the guitar volume in quite the satisfying way my jmp50 does. it does clean up, but then the volume is rather low. power tube compression may help here. the lead channel isn't quite to my taste, you can't really use it for riffs or chords as the note definition isn't what it could be. it is good for shred and single note leads though as it is rather smooth sounding.
the eq is decent enough. when you activate it, the overall volume drops which is dissapointing. it has 5 bands, which you'd think would give you alot of flexibility - an it does - but those 5 bands are interactive in the same way a traditional marshall eq is - which removes some of the benefits. i've been using it as a sort of mid boost.
so far i just played it through the input of my lead12 combo - not the best probably. but having said that it does sound good. it has a cabinent simulator which i'll try later into a desk or my multitrack.
i'm very tempted to get a cheapy SS power amp to use with it, though i know valve would be better. this preamp is nice sounding, and you can't argue with the price, but the main reason i got it was an experiment due to the low price. more later on the cabinent simulator.