My new M-Audio O2 came not with Reason (as advertised on the box) but with the "Lite" version of Ableton Live 4. I've messed around a little with it and it seems all right, but the feature set is really limited (can record only one simultaneous channel of audio, very limited VST support and pretty much nonexistent synth patches included, etc.) My only prior recording/editing experience is with Cool Edit Pro, which is easy to use but also very limited. The professional version of Cubase seems to be the most popular DAW software except for Pro Tools, and I'm wondering if the home studio version might be an entry point for that. The other option at the $100 price point is the Home Studio edition of Cakewalk, which has a distinct following. I'm pretty ignorant when it comes to either, so I appreciate anyone's input. FWIW, I'm using an M-Audio Firewire Solo with a Studio Projects B1 mic. I bought it used so it didn't come with any DAW software.