Amric, yes, the 04 allison will incorporate a modulator valve, I am not sure if it is current 04 stuff or will cordinate with the new engine. Basically, what they are doing is getting rid of 'overage fluid' which is fluid that does not have a purpose, its not shoved through the cooler and just goes back to sump. With the new setup, all fluid will go through the cooler, this will take away the heat build up from idling to long in gear. This will decrease the noise level also because, as stated, the pressures will be lower. I dont know if the opposite will happen as far as greater fluid pressure on the top side of things. I know that with the addition of the modulator valve, the shift kits will have to be redesigned to accomodate it. I think TTS and TransGO are already working on it.
Eric
Eric