
It's a loop recombinig/rearranging tool.
After all it's based on at0m's Loopah patch, which showed us how to use the tempo delay modules like sampling units.
Download: http://www.cwmodular.org/files/LoopDeLoop.zip
Sound bites here http://www.cwmodular.org/mp3/LoopDeLoopM.mp3
Some comments / explanations also on this site http://www.cwmodular.org/html/loopdeloop.html
Despite I really love this patch I have to admit that it's kind of big (and hard to edit). But if you have CubaseSX3 (maybe C4 will be ok too) - load the device panel and have fun!