Evan,
Yes - transport controls work...and yes you can write automation with it...
the faders aren't motorized....so you don't get to "see" your work on...
but that's not big deal...
I don't think that Autopunch will be controlled by it...
That was my big thing for buying too...I get 8 good inputs, can use it mobile, and I can use it LIVE
for the band and get ALL the plugins I have to use for effects....
I have a Quad-Capture too, but may nix that providing the R24 works out...
I haven't got that far yet...LOL The Pre's aren't as good as the VS pre's, but I can live with the difference...
What I have noticed is I seem to get better sound in my headphones with the R24...it's cleaner and clearer...