Just to complete this posting, I have tried cleaning the potentiometers with contact cleaner (De-Oxit) and there has been no change. So I must have a slightly faulty pot that is indicating it has been turned slightly causing the the "Edited" indicator to light up. I am convinced at this point that nothing serious is wrong with my POD. I borrowed a friend's unit and even switched out EEPROM chips just to see if something more serious had happened. Still had the "edited" indicator. So it is most likely just a wonky pot/