What setting the bypass modifier would do is:
We'll use vol/wah as an example
When wah is engaged w/ the toe switchto volume block will be disable and vs. versa.
This will make the volume block at 100 when the wah is enabled.
The volume and wah freq parameters will still change regardless of the toe switch position, but you will only hear the changes on the active effect.
That's what I want it to do, and I think is what many other users are after also. That is what I initially thought, the expression pedal will still be changing the values of both effects (vol, wah) but it won't matter because one or the other of the effects will be bypassed by the toe switch.
On the Boss Gt series the volume would be at 100% when the wah is activated also. So to clarify, the standard single toe switch single expression pot pedal looks as if it is capable of using in the Boss Gt style. Saweet! Mine should be here by the end of the week and hopefully I'll have a chance to double check and test it this weekend.