Yes, it appears there, but it was unselected. After selecting it, Audition says: ""Some selected plug-ins are VST instruments, which are unsupported for audio processing. To enable these plug-ins for mIDI sequencing in Multitrack View, Use the VSTi plug-in manager in the Sequencer panel". Unfortunately, that is far from being self-explanatory. I have no idea where the Sequencer panel might be located.
EDIT: Oddly enough, after re-selecting Phasebug and launching the script again, it started processing. It seems to be working now! It is now "Applying Center Channel Extractor to Selection", and it says there are 9 minutes left. Amazing. It looks as if you've solved it for me. Many thanks. Mike, what's your opinion as to the efficiency of this script? Is its result as good as that of a Fosgate Tate II, or does it have something to be desired? Is it better than Hotto's Java Quadraphonic Matrix Decoder, as far as SQ goes?
Be that as it may, did someone develop similar scripts for EV-4 and DY?