Looks a lot like Ableton with some improvements. I like how you can ‘record the performance’ and it arranges all the clips into the arrange window. That is something I don’t think you can even do in Ableton.
I’m not a big loop user but if you’re using loops, this seems like a more fun way to do it. Most of my beatmaking students would like something like this.
This is definitely a fun feature request. Even though I wouldn’t use it myself, I like it and I think lots of people would use it. All the kids seem to just want to use loops these days and either get Ableton or Logic. It should be in the Cubase elements version as well though as less pro users are going to use it I think.
Also, if they do this, they should do the gapless audio engine thing too. That way you could use it for DJing, gigs and live performances without worring about the audio cutting off if you add a plugin or a new instrument track.