here is the latest update on this subject.
this morning, my Behringer EQ700 appeared in the post in a small black parcel. the reason i chose the Behringer is because of the reviews and my experience with my GM108 modeling amp, which has a fairly responsive EQ itself. my confidence with Behringer again has not been let down.
I put it in between my Les Paul tuned to dropped C and my GM108 and it sounded ok, the eq change wasn't very noticeable, it was slightly noisy, and just there wasn't a big change.
BUT THEN i put it in the effects loop of my Marshall MG250DFX with my Dean Razorback, and OH MY GOD! i haven't noticed a change this big in my rig since i got the damn Marshall!!!!!! the distortion is provided by my Zoom 505II, by the way.
The EQ is REALLY responsive. if you move a slider 1mm, you can already hear a significant change in the tone. i mainly bought it to destroy the annoying top end of the marshall, and i just put the 2 highest sliders down about 2mm and it was gone!!!! i also added 1mm of mids and 1mm of bass and i created a METAL MONSTER of tone. the only downside is that you can still hear the Marshall MG sound, which is only expected, hence why i am buying a Laney.
Also, in the effects loop JUST AS _tom_ said, it is completely silent unless you put the sliders up over halfway, which would kill your tone from the responsiveness anyway.
So, im sure i will buy more Behringer products in the future, and i am VERY happy with this pedal, thanks to all who contributed to this thread!!
a very happy BM