I've owned a POD 2.0 for about four years now and I'm very pleased with it.
I have used it on all the recordings I have posted here. In fact, that was my amp before I got an amp. I used to only play through it and listen with headphones. It's a good practice thing too, as you can play for hours at night, with the big arena sound that you only can hear...
Tube amp purists have a tooth against digital modeling, but I welcome it as a flexible recording tool. Besides, for under 400 bucks you have access to an incredible array of amp models
, effects, and speaker cabinets too.
You should surf over to the Line 6 Web site where you can listen to sound patches.
My POD has been a great little tool for all this time and I wasn't so cheap I would have replaced it with its new version, the POD XT. This one is a bit more expensive, but packs loads more tones and effects.
You can go either way and I dare to have sucky tone after that!
I use my POd to get old blues sounds, jazz, rock, metal... I swear by this product.
Go to the music store; most of them have a demo station where you can plug in and try.
I think this PD sells itself once you try it.