Definitely!
X3 is to replace X1 / X2 Essential. Whereas the Essential has a track count limit, there is no limit in X3.. making it as near to the X3 Studio or Pro, except that it don't have the ProChannel and other plug-ins.
If you can afford it, go for X3 Pro.. as you can get lots of 'full' bundled versions there, which is not the case in X1/X2 Pro.