I found this information at CDM, which (in my opinion) is an excellent site for up to date info. CDM were at MacWorld and got to see the TuneStudio first hand. Theire post on it is well worth a read.
I think that the development of the TuneStudio is an interesting development for the iPod. Does this make the iPod a reasonable platform for music recording?
As I understand it the TuneStudio creates a single wav file sitting on the iPod, which is not great for post production work.
But I was thinking. If the TuneStudio was able to create a wav file for each track and then stick those in the iPod, they could be exported to GarageBand or another DAW and then you could do whatever you wanted with them.
Possible? I don’t know?