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Originally Posted by lcjones
No, it doesn't have all the gizmoids, bells and whistles and pretty graphical popup interfaces as say, Magix or others.
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But realtime effects and track splitting are pretty basic features. You can't do any editing without being able to split a track and destructive offline effects are much more difficult to work with because you can't make changes to it once you add it.
These aren't just misc bells and whistles, these are very useful features that make working with the program 100% easier.
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And really, how many of those gizmo things can you use at once much less remember where they are on all those menus. 
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That depends on what your needs are and how deep you want to get into the program. I definitely don't use all of the features in Samplitude, but I do use more than enough of them to make the price worth it for me.
At $80 the Magix program is dirt cheap... Especially considering that it has some of features that are in their more expensive programs. Then of course there's N-Track ($42) which is excellent for the price and is leaps and bounds above the freebie programs (it even kills Reaper which is only $2 cheaper).
-tkr