It's in the bundle of Waves Plugins that I have in VST but I've never used it. I usually don't do a lot of EQing on live recordings but when I do I use the API 550 EQ plugin. I use the L3 Ultramaximizer (very gently) on almost everything.
I have a 4 track to do some work on tonight. I'll fool around with it and see how it works.