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OpenAria's FilterNet is a DirectX plug-in that lets you build your own filter networks out of simple filter elements with a drag-and-drop user interface.
In addition to the built-in elements, FilterNet is itself a DirectX host, allowing you to use your existing DirectX plug-ins in the filter networks that you create.
The elements included in FilterNet inclue:
Parameters are MIDI controllable, including support for NRPN messages for high resolution control.
FilterNet is optimized for speed for the Intel Pentium III processors and above, and the AMD Athlon processors enabled with the SIMD/SSE feature.