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($399.95)
($130.99)
Steinberg's Wavelab 6 digital audio editor ($699.95) has spawned not one, but two different lite versions. Of the two, Studio is still relatively costly, but incorporates pretty much all the important elements of Wavelab 6. Essential has a considerably stripped-down feature set, but as the name implies, delivers the essentials of audio editing at a very good price.
What you don't get: Compared to the full version, Studio lacks the "higher end of the bell curve" features, like 64-bit floating point editing (it maxes out at 32-bit floating), no spectrum editing (an esoteric, but very useful, feature for advanced editing techniques), six master section slots instead of eight (four for Essential), limited "montage" (multitracking) features, only two output channels instead of eight, two effects maximum per track/clip instead of 10 (one for Essential), and a maximum of eight audio tracks and one video trackWavelab has no limits on either. Essential does...