Possible bug:
While playing with self oscillation in the Flanger block the AxeFX III crashed (no sound, all four output meter on the front panel completely lit). So far I verified that this happens with the 'Analog Stereo' and 'D/AD 185' types.
This only seems to happen when Axe-Edit is open, and happens whether editing on the front panel or through Axe-Edit. When editing from the front panel (and Axe-Edit not running) I was unable to repeat the crash.
ETA: I forgot to note that crashes occurred with Rate, Depth, Feedback, and Manual controls set to full clockwise.
I've run out of time to test further today. Maybe others can have a look.