Of course, but in the context of the question it's pretty pointless to point any of this out. My point was that the OP could cut the mud out of drums with the tools he already has, without shelling out a couple hundred dollards for the plugin and the dongle.
No, the waves G-channel doesn't act the same as stock EQ, or even the SSL channel from UAD (which emulates the exact same thing), but it is not the only, or necessarily the best tool for him and his situation. Because of the nature of the question, it is pretty safe to assume that any of the cord sniffing differences between EQ's and such would probably be lost on him at this point in his learning process.