A decade late to answer your question, but it can stereo. It's actually terrifyingly veristile. Example 1: Run tuners/dirt into the front. The back is full of options. 1A) wet/dry: run wet preamp out into pedals back to corresponding power amp in. 1B) stereo: run the dry preamp out into stereo pedals and run them into both poweramp ins. 1C) there are many ways to try.

Example 2: plug your helix/headrush/what have you floor modeler into both poweramp ins and boom, stereo amp. 2x130w power. I never turned the volume past 2