I`ve been searching for a good tape emulation for ages.
Talk on gearslut says that one day Nebula might get it right (Version 4????) but that no one has captured the compression artefact of tape.
I`d dearly love to be able to stop using tape, it`s heavy, time consuming (half an hour a day to clean and calibrate the machine) expensive to maintain (and tape isn`t cheap), slow to implement, and of course you then have noise removal to do, but it sounds soooo nice.
I think the best thing going is the McDSP AC-2. I`ve heard pretty good results on it.
Still not right though.
One day, it will be sorted. There is something nice about tinkering with the inside of tape machines though. It`s like working on a car, very satisfying.
I`ve been toying with the idea of going into business doing tape machine renovation as you can pick up less than healthy machines for good money.
If you get them up to spec you can make like £1500 to £2000 profit if you buy right.