Here is some nice stuff. Just in case somebody haven't seen it yet.
Making of "The Prodigy - Voodoo People" in Ableton by Jim Pavloff
Thank you for being stubborn and convincing me about AL usefulness. I won't spend 350EUR on it, though.
Also quoting wikipedia:
As of version 6, Ableton also offers a stripped-down version of Live targeted at the non-professional market. It has limitations on the number of audio channels and effects and does not feature some of the synchronization (MIDI Clock, ReWire) utilities the full version has to offer. The current Live LE version is 8.1.4.
As part of the Able10 celebrations, Ableton introduced Live Intro as an effective replacement to LE. Registered users of Live LE can now receive a free upgrade to Live Intro. The current version is 8.2.2.
http://www.bphogan.com/files/videos/livesession.mov