Here is a thread I found about this topic on an audio board. This thread looks very interesting from what I've read so far. I don't have the time to work too much with it so if any of you find/figure out something please post it here at BetaONE.
Here's the link to the thread:
http://www.hydrogenaudio.org/index.php?act=ST&f=32&t=6489&st=0&