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The Y-Not A/B/Y switch is designed to be an all-in-one solution for switching one audio signal to two outputs.
Use the Y-Not to switch between two amps (for example, a clean amp and a dirty amp), or use it to switch between the inputs of a two input amp. The Y-Not is able to do this cleanly and transparently, without any of the problems associated with traditional A/B boxes.
The new Y-Not version 2.0 includes some very useful new features. One is programmable phase inversion on the B output. This allows you to run two channel switching amps simultaneously and adjust the phase on the fly so that every combination of channels is in phase. This was previously only available as a mod, but is now a standard feature.
Also new for version 2.0 is a "TRS In" switch that, when engaged, allows you to use a piezo-equipped guitar or other 1/4-inch TRS audio source. The tip of the TRS jack will be sent to the A output, and the ring of the TRS jack will be sent to the B output. This allows you to have automated switching between magnetic and piezo signals from your guitar, sending each signal to its own amp.