This Max For Live device allows you to sequence the amount of delay on your left and right channels with two, independent, eight step sequencers. You get control over the speed, amount of steps, phase and offset of the sequencers as well as the size of the delay grid, the steps on the y axis of the delay sequencer (0-8). Controls for the feedback of the delays, fade between the steps and dry/wet are also provided. Use the link and "link to" functions to link both audio channels to the left or right sequencer or have them run independently.
The device has built in info text for more explanation.
WARNING: BE CAREFUL WITH HIGH FEEDBACK! I'm going to figure out more ways to control the feedback on this device (particularly when the delay time is at 0). For now be sure to change the "0 Value" knob to not 0 before turning up the feedback to avoid feeding the signal into itself at your buffer size. There are measures in place to make sure it wont blow up or anything but it wont sound good either!
I hope you enjoy!