I payed off the Blender earlier this week and it is a freaking fun pedal. the volume drop on it is pretty nasty (mine is one of the reissues, the originals don't suffer from this problem according to what I've heard) and so I pretty much just leave the tone boost on all the time, but other than that it rocks.
PS as a warning to anyone whoever might get one of these at any point, you should prolly refrain from turning all the knobs to max (especially if the tone boost is engaged) because it sounds like a ds-1 with all the knobs turned to maximum plugged into another ds-1 with all the knobs turned to maximum (seriously it brings new meaning to ice pick highs). This is prolly due to the fact that my amps are generally set pretty trebly to start with, but all the same I'd still avoid using that setting for the most part.