If you truly were on Cakewalk HS 4 which was from I guess the year 2004, then Artist will be a ride on a rocket ship for you. That should only cost you $49,
I would recommend Professional which adds most of the top end features. It will cost you $149. You would have to really, really need the few extra things they add to Platinum to spend the extra $300 or $400.
I would think anybody who has been happy with HS 4 would be a waist of money to go as far as Platinum.
You need to have registered the version you own to qualify for these prices. If not you'll have to pay the full price so Artist would be more appealing to me at $99.
All 3 work the same and Artist shares 75% ( just a guess) of the same features as the flagship.
Read the list of the Versions to see what I'm saying. At the bottom of the list is the pricing.
Another option for you is Music Creator 6 which is the last version similar to Home Studio line.
http://forum.cakewalk.com...udio-4XL-m3162253.aspx Sonar Versions
http://www.cakewalk.com/Products/Music-Creator/