Does anything like that exist except for the AxeFx?
evidence: LFO Bypass Reset - New Parameter, Quick Video | AxeFxTutorials.com
I definitely can't afford that just for one effect parameter control.
I'd really love to have something like that in my rig. I'd also really like to have the LFO reset by, say, a noise gate opening/closing, but I suppose that's a different story all together. I've always been disappointed by some phasers and flangers where the LFO continues on when in bypass. By that I mean the phase shift controlled by the LFO doesn't start at 0/45/90/etc degrees when the effect is enabled.
Someone give me some good news please...