Ableton has released of Live 7 LE, a cheaper “lite” version of Ableton Live 7. Live LE is limited to two simultaneous stereo audio inputs and outputs, twelve built-in audio effects, eight built-in instruments, two AU/VST effects and two AU/VST instruments per project.
Live 7 LE Features:

Studio-quality recording up to 32-bit/192 kHz
Sixty-four audio tracks and unlimited […]

This is the most bizarre music synthesizer we’ve seen in a while.
Every synth should come with a skeleton sequencer!
via the Experimental Electronics-Blog

Image Line Software has released FL Studio 8, the latest version of their digital audio workstation. FL Studio 8 offers an improved interface, sound engine, revised mixer, the addition of pattern clips to the playlist, new multilink MIDI learn system, a suite of new plug-ins and updates to many others.
Here are the details:

Apple today unveiled Logic Studio, a comprehensive suite of professional tools that gives musicians everything they need to create, produce and perform in the studio and on the stage. With this release, Apple has cut pricing to $499, half the price of the previous version.
Logic Studio features Logic Pro 8, a major upgrade that combines […]

MakeMusic has unveiled Finale 2008. According to the company, the latest upgrade offers “unprecedented playback options, major productivity enhancements and even more control for the perfect page.””The missing feature in notation software is the ability to add an audio track,” stated John Paulson, chief executive officer of MakeMusic, Inc. “By adding this audio feature in […]

NOTAM, the Norwegian production centre for work with sound, has released a new version (1.1.1) of NOTAM’s DSP02 software for Mac OSX, Windows, Linux and web-based use. The new version of DSP02 brings performance improvements and user interaction enhancements as well as support for Intel Mac.
For educators, composers, musicians, and others working with children, who […]

XT Software has announced the community-based energyXT2 MIDI & audio sequencer for Windows and Linux is to be released on Friday the 15th of June.
energyXT2 highlights:

Available both as DAW and VST plugin
All-in-one synth/sampler, multi-fx and sequencer
Streamlined workflow and design

Whats new in energyXT2:

100% re-worked, based on over 3 years of feedback from users
High quality time-stretching and […]

Ableton has announced that Live Lite to Full, the upgrade from all Lite versions to the full version of Live 6, is now available.
All users of Live Lite (as bundled with products from M-Audio, Digidesign, Korg, Line 6, E-MU, Focusrite, Novation, Tascam, Allen & Heath, Behringer and TC Electronic) can now purchase an upgrade to […]

QRS Music Technologies has introduced a high-tech version of Gulbransen Digital Hymnal.
The Digital Hymnal DH200 uses CompactFlash card technology, letting you download standard MIDI files and MP3 files to expand the unit’s vast software library capabilities.In addition to CompactFlash technology, the new DH200 has an upgradeable operating system.
The Hymnal plays thousands of hymns, choruses and […]

Fervent Software has announced the immediate availability of Studio to Go! v2.0.
The Studio to Go! software series provides a complete introduction to the world of Linux Audio and features a integrated audio and compositional environment on a single bootable disk.
The 2.0 release includes many usability improvements, and provides the latest Linux Audio applications, including support […]

Musikmesse: Steinberg launched Sequel, a new entry-level music studio. Sequel features studio-grade technologies within a unique, “one-window” user interface that opens up music creation and performance to anyone with a computer, and requires no knowledge of music or recording to produce songs and mixes.
“Sequel is a brand-new and exciting way to experience making music on […]

Musikmesse: Spectral Audio introduced the Cyclus 3 sequencer.
Features:

A combination of analog style and digital style sequencing.
112 patterns with each 8 tracks. Each pattern can be named ( 8 characters ).
Easy to learn and operate
30 songs with each 253 steps of pattern change and TRACK ON/OFF change (always shifts in the end of track one).
All […]

Cakewalk today announced new versions of its SONAR Home Studio and SONAR Home Studio XL titles are shipping Worldwide.
At their core, SONAR Home Studio 6 and SONAR Home Studio 6 XL feature the power of Cakewalk’s flagship SONAR 6 paired with a feature set, price, and ease-of-use geared towards home studio owners and budget-conscious musicians.
The […]

NAMM: Cakewalk announced features for Project5 Version 2.5.
New Features:

Active Controller Technology (ACT)
Control surface support
Multiple audio input/output support
Integrated VST hosting without need for adapter
Pre- and post- effect sends
Input Quantize
Integrated MIDI output
3rd-party audio editor support
Improved automation
Independent track sizing
User interface enhancements
Dimension Pro LE (with REX support)
Microsoft Windows® Vista™ compatibility

This marks the third major update for Project5 since […]

Winter NAMM Show: Cakewalk announced new versions of SONAR Home Studio and SONAR Home Studio XL titles.
SONAR Home Studio 6 and SONAR Home Studio 6 XL feature the power of Cakewalk’s flagship SONAR 6, but at an entry-level price.
New Features:

Designed for compatibility with Microsoft® Windows Vista
Core feature set based on SONAR 6.2
Quick Start guide, […]