The H3000 Factory plug-in, which we're porting from the TDM version, is a re-creation of the Patch Factory, Mod Factory 1, and Mod Factory 2 algorithms from the H3000. As such, it's not intended to just any of the effects in the H8000, but rather some of the effects in the H3000. That being said, it sound darn good and will be a faithful reproduction of the very popular PT TDM plug-in.
The BlackHole plug-in, which we also pre-announced, is the exact same core algorithm from the H8000. The only changes we're to the knob ranges to make it more playable, and the addition of a predelay and feedback, which make it sound awesome.
As long as I've been here we've never reduced the quality of an algorithm to avoid competition with our more expensive products, nor will we. If it's not worth making it sound as good as possible, it's not worth making it at all.