Interesting thing happend on the way to the... no seriously, I had a new recto model in a preset, I see the presence knob, in the preset (I had already updated to v3); when I went to say the power area and came back to the basic page voila presence disappears before my eyes, I did this a few time, I thought I was nuts.
The v3 updates the amp model and just by going to a different page it becomes a high cut. This of course proves things do change when one updates, even without doing the back and forth thing; Im surprised the editor changes on the fly like that. If this makes no sense to yee fuggedda bout it.
It has always done this. That is why I commented on this earlier in the thread. When you take the damp down to 0, the presence becomes hicut. It is not going to another page that does it. It is turning damp to 0. This is explained in the manual. The difference now is the editor now reflects this before the label stayed as presence whether it was hi cut or presence on the axe-fx II. Now it changes to hicut when damp is 0, like on the Axe-fx II.