A few months ago, before the Audiobus launch, the idea of live audio manipulation apps being used with other apps through Audiobus started floating around. An upcoming app called LiveFX looks to be of this ‘app breed,’ among others…
See the four different effects toggles in the in-app connection pannel? Cool, huh?
Update: See the LiveFX page on Elephantcandy’s site for more info:
Any audio source can be processed; the build in iTunes player, a DJ set, a mixing board, an instrument, vocals and (with Audiobus) any other audio app. Create your own combination of audio effects, and simultaneously control up to four effects using a single fingertip or use multi touch for auto dynamic sound effects. Make music with features that truly stand out from the crowd. Introducing LiveFX for iPad; it’s sound control evolved to a whole new level.
It’s not shown in the filter slot of the connection panel in the video, but hopefully that’ll be possible.