I hope this works. I’m glad someone is stepping up to the table and addressing this issue:
A revolutionary new metering system could change the face of professional audio and bring an end to the loudness wars. The Precision Limiter now supports K-System metering, developed by mastering engineer Bob Katz. Learn about this new approach and the promise it holds for audio dynamics in the future.
http://www.uaudio.com/webzine/2006/march/index2.html
I love the stab at Waves.
"A manual for a digital limiter reads: 'For best results, start out with a threshold of -6 dBFS.' This is like saying, 'always put a teaspoon of salt and pepper on your food before tasting it.' This kind of widespread misinformation does not encourage proper production practice. A gain reduction meter is not an indication of loudness."
At least that's what my L2 manual says! hehehe