Feature:
Everything you need is here - Maybe not in the most obvious place, but it's here. I read one review on this site complaining about not being able to go from 'midi to mp3'. Not true. Step 1) The software synths provided here allow you to drive them with midi and create a .wav file complete with effects. Step 2) True, the converter from .wav to mp3 is a trial version, but who needs it when you can do it better with iTunes anyway. Parametric eq, graphic eq, wave editing, pitch correction, effects, cut-and-paste-drag-and-drop non-destructive editing, consoles, projects, midi, software synths, loops, etc. Features galore, all work well.

Quality:
Core product is solid - A couple addons are lame and have been known to expire during the product's lifetime, as noted in other reviews on this site. Leaves a bad impression. Cakewalk could improve in this area. Advice - Don't throw the baby out with the bathwater. This is a fine product.

Value:
Simply cannot beat it for the price.

Desirability:
Presentation is pretty utilitarian. Does that make a difference?

Sound:
Nothing wrong with the digital sound. Even the pitch correction - Very few artifacts, if any. Reverbs are clean, choruses fine. Synths are fine. Drum sets sound great - Just add some meat with the built-in parametric eq.

Support:
The web site keeps users alerted to problems with releases. I have found what I need to know there. Never had to call.

Overall:
I would have upgraded my studio long ago, but this works great - I get compliments on my sound ALL the time. No near-term plans to upgrade.