However, there is no *visible* EEPROM from which a custom program could be loaded. Based on what I can hear in the demos of this pedal, there is almost certainly custom programming going on. I just don't see how it could be done otherwise, unless one of the internal pitch shift programs is being used with some very creative feedbacking setup.
Another possibility, albeit far less likely, is that EQD had Spin load their program onto the internal ROM in the FV-1. This, however, requires a very large purchase of chips, as mentioned here by Frank from OCT Distribution (Spin's distributor in USA):
http://www.spinsemi.com/forum/viewtopic.php?t=131
I think maybe there is an SMD EEPROM on the bottom of the board. I also don't see the crystal oscillator, so maybe that's on the bottom as well. And the crystal is NOT an optional component.

Or maybe the EEPROM is hiding behind that big-ass regulator. Anybody got one of these who can open it up?