Since renoise just got that feature.
But here is a link to a nice paper about this feature.
http://www.vormdicht.nl/misc/PDC_paper-rev.pdf
And here is another great resource that may be useful if there is any other features you developers want to implement.
http://www.musicdsp.org/index.php
Wanted to make a request, but used search instead and found this post.
Hell yeah! Instead of adding delay after each of the instruments manually to compensate for latency it would be good not to bother about it at all. This issue becomes a real PITA if the number of your instruments > 10!
Quoteit would be good not to bother about it at all.
Like what is currently done? PDC should always be optional.
Then I would like to have an option for turning it on :D