Hi Quinn - I came in here looking to ask the same question you posted below and searched first, and your post is what I got. I am pretty sure you have the answer to your question by now, and rather than email you I figure we could hash out the pros/cons of ableton as a taping editing program in a public forum. I found a tND recording I thought I lost and I want to master it, and all I have in China is Live - please tell us your workflow. Cheers, ingsy