Firstly, I love Izotopes products especially Ozone. The dynamic EQ is spectacular.
And yes thats the one I was talking about. I'm actually finding it extremely good for certain things. For example I put in on the Drums of a track (where the drums had become very muddy) I was messing about with and the results were brilliant. That being said just like anything it obviously has its place but it seems like it could be a handy alternative to traditional EQ/Compression in certain situations.
Definetely recommend people check it out. It is free after all.
Thanks for your reply.