VocaLive 2.0 is a big step forward ...

VocaLive gets a really big update:

NEW STUDIO SECTION TURNS VOCALIVE INTO A FULL-FLEDGED DAW

• Studio section* (available via in-app purchase) offers DAW-style features: waveform visualization and editing, touch-and-drag looping, normalization, punch-in/punch-out recording, per-channel FX on/off button and full access to all mixing and recording controls
• AutoFreeze (allows each track to have its own full effects chain)

* requires iPhone 4, iPod touch (5th generation), iPad 2 or later