There's so much great stuff out there for guitarists nowadays.
I use a Johnson J-Station. Cost about $149.
It has software that connects the unit to your computer, and looks and sounds like a rack of equipment. No kidding, this is pro stuff. You'll get plenty of great sounding distortion, plus compression, noise gate, reverb,echo, pitch shifting , chorus, flange eq, ect.
The most amazing features are the amplifier and cabinet emulators. Want a boutique tube sound thru four ten inch speakers? Just dial it up.
Has stereo line, S/PDIF, and headphone outputs. There is a footswitch jack, and midi in jack.
$149 bucks, and sounds better than POD IMO.