Okay, I've chosen my audio sequencer. A few forum members were cool enough to steer me in the right direction. I actually had an old copy of Cubase VST 5.1 laying around from when I first got into audio recording 5 years ago. They told me that it should do everything I needed it to.
Well after a few days of searching, I finally found my dongle, so I was ready to fire up Cubase. Now I remember why I ended up going with Vegas. Cubase is a total bitch to learn!!! It gives you the feeling that it can do so many things, but it also gives you the feeling that you are in for a nitemare of a learning curve.
The real point to using Cubase is its midi sequencer. I'd love for Vegas to have a sequencer, but reality seamed to shoot that idea down. Either way, here I am in the middle of a giant latency problem and a number of other little problems that add up to be a giant pain in my ass.
I have to admit that I'm not the most patient guy in the world and I've caught myself totally hating programs in the past while I was conquering the learning curve. (Adobe Photoshop springs to mind).
Either way, I'll keep everyone posted and we'll see how this venture in Steinberg Cubase 5.1 goes.
Brandon