So far I've had it about a week now and been playing around here and there, and reading this forum.
I must say, it needs a bit of getting used too, if you are used to the older versions. Especially the new Midi arrangement Overdub, the Automation Arm, re-enable automation, and the session record buttons are a bit confusing in the beginning. But after messing around with it for a while it becomes clearer. I must admit I never really missed these functions before, because there was always a way to get to the end result somehow before for my uses. Sure, the new browser also needs some getting used to, but hey, it'll work (even better than before).
My favorites are the new and overdone FX and M4L. Wow, a whole new universe to explore - especially M4L. I guess it's beyond me and I am extremely grateful to those who understand how to program all these new instruments and FX with M4L and what not. I'm just a user. Keep it up. ...and share

What I find sad though, is this continuous nagging and dissing going on in this forum about Live, about Ableton, about what should have been done, the price, the marketing....
What is wrong with these people who can not have constructive arguments or opinions without getting personal and let their anger out about who knows what on this forum? Ableton and their products are great. And they are getting better all the time. Sure, good software costs money. That's the way it is. If you buy it and are unhappy with it then you bought the wrong program. Ableton has over the years always listened to reasonable wishes and constructive advice of users to make it what is now and what was possible. It can always get better, and it does. But for me personally there is no other program out there that makes music making so much fun and has so many (endless) possibilities as Live.
Abletons' service is helpful and (usually) quite fast. The hardware integration is remarkable and easy. Live is a standalone all-in-one more-than-a-studio in a box. For me, it's more than I could have ever wished for in a recording program.
Well, that's it, I just had to get rid of it.
And NO, I don't have any ties to Ableton.
Cheers, keep up the good work.

Rhino