I have this one but TBH I've never wrapped my head around it. I did sucessfully ruin a mix with, but that's not the fault of the plugin since I can do that with just about any old plugin.
Unless they changed that, I say that is a false statement.
Early on I erroneously picked a freebie I already owned. Support did sort it out for me though.
Technically I originally had a regular cassette recorder with dolby noise reduction in it, but I cannot remember the brand name. I recorded a few band rehearsals with it.