I deleted the first part as I see it was answered while I was typing---
I'm not into having my DAW on line either. I'd rather a USB licenser but it would be nice if they all shared the same device. One will run out of ports!
And to the dude who is off to buy Cubase, good luck with that. I got it for Christmas and have been using it for a over a week now, You want me to write out the list of missing features that it doesn't have compared to Sonar? It's like using Sonar 6. No, it's even missing stuff Sonar 6 had. Sonar is without a doubt the DAW we should support. I'm not 100% happy with the latest version, but after suffering Cubase for a week it all of a sudden seems like the perfect DAW!
I can't believe you are all being so patient with the one guy who's off his meds today.
Cubase uses a USB licencer and I like it because it's hassle free once set up.
You can install the software on a second computer off line. Cakewalk needs to do something about the Piracy and this new model is what that is all about, my guess.
This is good marketing because I'm happy enough with X3 and was not planing on a upgrade for a few versions. You might have baited the hook :)
Now I'll go read the versions and see if I can afford to upgrade to the flagship from Studio.