what I meant is that once you record something in a midi track you cannot hear anything else unless you either record into the existing track (which you probably don't want to do because if it's rubbish it's a bit of a pain to get rid of).
Or copy the track with the potentially huge overhead of ...
Utility audio effect is your friend http://www.google.no/url?source=imgres&ct=img&q=http://www.gearslutz.com/board/attachments/music-computers/219572d1297528183-abletn-live-8-2-1-panning-utility.jpg&sa=X&ei=nSeUTangN4XqOaidlJQH&ved=0CAQQ8wc&usg=AFQjCNFv8M6pbdvf33HB3LmmSwfbYqtNtw
Interesting comment in the release notes of Audio Damage EOS
AND FINALLY: This is only semi-related. I've lately noticed a lot of people that use Live as their main DAW, and don't have Logic at all, who use the AU instead of the VST. All our recent products are built using Sonic Charge's Symbiosis ...