O.K., this went in a completely different direction then I thought it would...just got done reworking my concept into much more of a dual-channel instrument mixer/preamp with great headphone out capability.
Changes to the Design Brief:
-2 discrete instrument input channels with EQ and an Aux/FX send.
-2 Line-in inputs for FX return or other input sources.
-Stereo bus input stage architecture for maximum flexibility.
-Switchable to balanced direct inputs for use as a balanced line-driver/dedicated headphone amplifier.
-Neutrik Combo output jacks to drive XLR-terminated balanced headphones or other balanced line equipment. 1/4" outputs can be used for the same purpose, or, when the mode switch is engaged, can provide two separately buffered, single-ended stereo outputs for driving two pairs of headphones.
With this design, you could run a stereo instrument into a stereo P.A. with complete balance and level control, run a stage amp/monitor and send a separate signal to FOH. Mix in other instruments, two completely discrete (and separately pannable) effects loops....there's almost too many applications to list.
It's a bit of a "trick" using the negative phase signal from the transformers to provide two separate single-ended signals. As mentioned earlier in the thread, the cost is that the second stereo signal is out of phase with the first. Obviously I have to work some sort of phase-reversal in order for any other on-stage applications to work.
One dilemna I have is what exacty to use for the instrument preamp/EQ. I posted a query on TalkBass asking this question (I know, I'm such a forum-whore!

) , but if there's any diy guitarists/bassists around here who'd like to chime in I'd be glad to hear from you!
Some current options:
PAIA tubehead preamp:
..or a couple Rod Elliot designs:
I am slightly concerned about retaining a quality input signal, what with all the routing on the instrument input stage. I guess that's why I included a source switch that couples just the balanced inputs directly to the transformers. If there's a more elegant way to do this I'd be glad to hear of it.
Edited by Zaubertuba - 9/21/10 at 6:54am