Ableton shows it loyalty in the ways I described above. This has more depth than just pricing - Ableton is a smaller company than Steinberg or Apple and it's product is still quite a niche product, so the pricing is justified. I COULD use Logic or Cubase for Live performance but I wouldn't want to, as neither are really designed for on the fly changes and morphing.
The pricing is fair enough IMHO. Of course, we'd all like to see it little lower in the real world, but Apple only discounted Logic so that people would migrate to Mac - a mac being a bloody expensive dongle if you were running a PC previously