Cakewalk by Bandlab is more like Sonar Artist which is worth $100. It is not worth $600. Even Splat never was that much. It was Splats extra 3rd part content that made it worth $400.
I don't know how many people I told about the free version of Home Studio followed through and downloaded a copy. I posted it on a few music forums and mentioned it here a lot. I'd be real curious on how many grabbed that. Many who already had Splat even snagged a copy just because. I set a friend up with it who had been struggling with X1 LE and now I'll set them up with CbB too.
The Home Studio deal did come with Big Fish Loops which was said to be worth $100 so that was about a $150 free givaway so in some way was equal.
This free givaway has been well advertised as it's been seen in some pretty big Mags like SOS.
If they keep it free I would think in a short while everyone will be aware of this.