If someone successfully translates this to an Axe II patch, can you please post it here. Don't have my II yet, but really like this effect. Great Job!
http://dl.dropbox.com/u/28651/axefx/fakefeedback.mp3
This is the factory preset "Time" with pitch & comp. added. Envelope increases pitch & comp. mix as note decays. Play the next note hard enough to get out of harmonic mode. Adjust envelope params. other than attack (which should stay low to keep this somewhat realistic) to alter the response: Threshold = threshold between harmonic/normal, release = harmonic fade-in rate, gain = delays onset of harmonic. External 1 crossfades between octave and octave+5th.