Funny, there's actually a specific thread on free or cheap alternatives to the Korg Wavestation plugin (http://www.kvraudio.com/forum/viewtopic.php?p=4499192) on KVR about this right now. M1's not that far away, geneologically speaking.
You also might try calling Korg for a new dongle. Those things do go glitchy fairly fast, which is why I don't use Waves products -- they all want an iLok.
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You also might try calling Korg for a new dongle. Those things do go glitchy fairly fast, which is why I don't use Waves products -- they all want an iLok.