i'v got a program(free) called Glitch. It basically does the same thing, but its much more user friendly. I used it for industrial drums and things like that.
It's an effect. It's an instrument. It's Stutter Edit-an innovative tool for both studio and stage, designed by BT and developed by iZotope.
Tear up your tracks in real time, building thrilling fills, complex effects, shimmering sweeps, and staggering stutters that will leave your listeners screaming for more. They'll think you spent hours slaving over the slices…but all it took was a press of a key. (Don't worry, we won't tell.)
Push your performances and production into a new realm of musical intensity with Stutter Ed
How about Herbie Hancock-core?iZotope Stutter Edit: Play effects like an instrument | OVERVIEW
This is pretty interesting, though I'm having trouble finding an example showing it as useful for rock.
YouTube - Stutter Edit - Live Remixing