For me, this was FANTASTIC news. I was stuck with Sonar X2, which worked great on my old system but has been a headache since I upgraded and had to reinstall everything. I had always intended to update Sonar to Platinum when the time was right, but of course I missed my chance. When Cakewalk shut down, I was disheartened. I wound up trying Studio One and Cubase, searching for a new DAW. Cubase came close to what I needed (and I will likely still use it sometimes), but the more I used other DAWs, the more I missed Sonar.
Enter Bandlab. When I read the news that Bandlab had intended to raise Sonar from the dead, I was hopeful but hesitant. I had no expectation that it would all happen so soon. I was struggling with X2 on my newly updated system, when I chanced upon this thread. I couldn't believe it. What? Cakewalk's back, already? And it's FREE?
When something sounds too good to be true, it usually is. So I strolled over to the Bandlab site, found Cakewalk, downloaded, installed...and then started doing the happy dance. Finally, Cakewalk is back and my studio is just the way I wanted it. Fanfriggintastic!
While the free aspect will certainly turn the industry on its ear, maybe that's exactly what it needs. I'm not worried about all the years and money I invested in the "old" Cakewalk. Every cent was well worth it. But times change, and here we are. I'm looking forward with cautious optimism.