http://bitwig.com/bitwig_studio.php

Haven't used P5 in a long while now, but it looks like it may well be the perfect amalgamation of P5 and Live that I have been looking for...especially the way the clip triggering is located on the same screen as the arrangement view (unlike the separate screens that Live has). Got some high hopes for this one...

I remember when this was first announced a few years ago on KVR.  I didn't realize until today that the developers are apparently ex-Ableton guys.  The feature list sure looks good - I'm really intrigued by device nesting.

This pic reminds me of P5 the way the grid and the Arrangement view are on the same page.

This looks very interesting. I certainly keep an eye on it...

I do see the similarity to P5.  I like that they have an explorer window on the right too.  The bottom looks kind of like a Reaktor ensemble.

It would be really cool if the success of this would lead Cakewalk to believe there could be a market in a resurrected P5.

Yeah a quick at their fan page on facebook shows there is a market for this type of app for sure.  

http://www.facebook.com/bitwig 

Very interesting.....keeping an eye on it.

I have stopped coming to the Cake forums, but I'm glad I changed my mind and came by today. This really has captured my interest. I still use P5 at any occasion that I can, but I want to find a product that is still being marketed, and is going to develop a user base. Cake sure missed the boat on dropping P5. I can't wait for the beta. Happy tunes my old friends.