I downloaded it (there's a free version) and it's basically a program that will turn your computer and I/O interface into a multitrack tape deck. That's about it. You have to have a soundcard with a mixer to provide cue mixes for your musicians. There's no auxes or busses to speak of and no way to modify the I/O other than drag a track to another position. IOW, the first track in the column is assigned to Input 1 of your soundcard. If you drag that track to the fourth position then it gets it's input from Input 4.
No way to overdub other than create a new track and record into it. No way to insert FX plugins as far as I can see.
The GUI is fairly Spartan but that's kind of where my head is at nowadays so that's a plus for me. The Mixer view will not float so that's a deal breaker but if you have a lap top and want to record live bands, it would be just fine.
So it's not a full blown DAW by any stretch of the imagination. But, it could be some day.