Electro-Harmonix announce the Freeze Sound Retainer sampling pedal 01/07/10
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Here's all the details directly from E-H:
Capture a frozen moment and turn it into a tonally unique sonic foundation. The Freeze Sound Retainer delivers infinite sustain of any note or chord at the press of a momentary footswitch. Release the footswitch and you are again sample ready. Three selectable decay rates, including a latch mode, guarantee liquid, smooth tonal transitions. Hook the Freeze up with your favorite pedals for a sonic collage that will be unlike anything you have ever heard. It's like adding an extra musician to the band.
Real time sample capture with perfect looping
Latch mode for infinite sustain at the touch of a momentary switch