Update: Check out Image Line’s demo too.
A quick first impression video of FL Studio Mobile v2.0 featuring audio tracks, Dropbox file management, and Virtual MIDI. If you’re familiar with Xewton’s Music Studio, this video will look pretty familiar…
New in v2.0:
• Audio tracks: audio recording (with monitoring), iPod library import, wav/mp3/aac import, AudioPaste
• Wave editor: cut, trim, normalize, reverse, insert silence, fade in/out (3 curves)
• Amped Guitar & Bass pack in the shop
• Background audio and Virtual MIDI (new option in the general setup)
• New sharing option: Dropbox
• Minimum iOS requirement is 4.2
The two versions of FL Studio are equally functional, but the iPhone version needs to be stretched on an iPad. I recommend just getting the iPhone version because you can at least run it on both devices…
Update: FL Studio Mobile HD is now universal!
FL Studio Mobile (iPhone) 
FL Studio Mobile (iPhone & iPad)
