No, in a word! I had Beta version of 3, you can def. record live midi and there's new mastering tools buit thats about it really. I'm an SX man these days, although Reason did provide a very useful stepping stone up to a pro. quality product. At the end of teh day it's not what you use it's hwo you use it anyway. Look at 9th Wonder, he makes his beats on fucking Fruity Loops, a program I found so irratatingly gay I couldnt get my head around. personal choice innit mate