Behringer have just announced a huge new range of stompboxes. The Boss-'inspired' pedals are £15 or £22 (for a digital delay or reverb). The Electro-Harmonix 'inspired' ones are £31, as are the Sansamp-'inspired' DI Boxes. Those prices are incredible, as is their use of phrases like "sound was modeled after Electro-Harmonix® Big Muff®" on the website. I imagine they have good lawyers, and that Uli Behringer thinks of his company as the Ikea of music technology. But Ikea design their own furniture.
That said, this is probably new-ish technology. What they've presumably done is create a basic digital effects circuit (not too different from the Digital Stompbox). Every pedal probably has the same innards, with a different ROM chip, different knobs and a different colour box. Whatever you say about Behringer, I really wish they'd been around selling £22 digital delay pedals when I was 14.