Originally Posted by Jeff
It's stuff like this that causes many to say Line 6 is going downhill, even though the quality of their models is getting better.
I found this on the Line6 boards which may help, if you were to incorporate Aaron's suggestion with it:
-Launch your DAW.
-Assign your POD HD500 as the audio device/driver.
-Create a track.
-Start using a blank patch, so that you can record your guitar clean.
-Connect your guitar to the Guitar Input.
-Record your guitar part.
-Disarm the record enable on this track once you are done recording.
-Create another track with the same input, but mute it, but record enable it.
-On the HD500, using a instrument cable, connect the L MONO out to the guitar input.
-Configure your tone, or bring up a patch.
-Launch the Line 6 Audio-MIDI devices menu, and under the inputs & recording tab please decrease the hardware monitor level all the way.
-After you are happy with your tone, press record.
Basically, record only the dry channel and monitor the other, then use an analog loop to get around the limitation of the device.