OK. Thats how I always referred to latency compensation as well. However, most good apps now automatically take care of latency compensation. Personally, I don't consider latency between tracks due to plugins etc... to be phasing. At least not in the same sense as a top and bottom snare mic, or 2 simultaneous vocal mics. I understand that technically you can fix two out of phase tracks digitally by sliding the waveform, but I just think it should be the last resort. With a wav form it is to easy to move a track the wrong direction, or too far, or too little. However, the wav forms will still look extremely similar. By taking care of phase issues at the tracking phase, this problem is solved. The phase button on a ixer doesn't change the pahse by 6000 degrees, it is always by 180 degrees. Also, if your mics are out of phase during tracking, you can't be certain that you are using the right mic, placement, preamp, EQ etc....