I'm just using the Ableton Live Lite 8 Fender Edition. I'm not sure if it is any different from the Live Lite edition. I hear that Live 9 should have even more features, though.

Also, I did a quick recording and threw it on YouTube. I think I could do better than this improvised piece, but it's not my worst playing either that I managed to record... Check out the Listening Post if you haven't already :)