http://www.ableton.com/extend

wish i could post the video here as well.

anyways, having dabbled in max a bit, this is a HUGE update for Ableton. Being able to create and modify effects and instruments is going to change the way this program works. It's basically, imo, changed live from a clip playing DAW to a full on modular environment that is easy as hell to play out.

Expect big things :)

(apologies if a repost.)