Tried this last night with incredible results!!! Really excited for this... but there were some issues.
When my Buffer Size is low I hear clicks and pops, etc. with the Virus processed signal. Everything else that is playing is fine. To get rid of these I have to crank up the buffer size introducing tons of latency... not ideal.
Here's how I did the routing:
In Ableton...
From external sound signal -> Audio To: Virus TI, 1/2 Virus TI Snow
Within Virus Control -> Set a channel's FX Input to Static
Voila sound is being processed through the Virus. The thing is I know/hope there is a way to do this without cranking up the latency (I suspect using the inputs and outputs on the physical unit. )
Any ideas?!