I agree that for doing a vocal take or the like, the IMO is a great feature, but for what I am looking at doing, which is severral takes of an entire band (live recording in a theatre) this method becomes a little cumbersome. I was hopeing I could just line up all my takes, then switch between takes on any track and have an alternate performance. (which is what I would do in PT). I'll try working out another workaround for this.
Wayno,
I'll be repeating all that has been said here, but let me try and clarify...
The way to do this is with copies of audio tracks, and then folders.
So, you're recording a whole band. Set up all your tracks, name them, ect... record take 1.
Now, select all of the tracks you recorded to, and pack them into a folder. Name this folder "Take 1".
You'll now notice, that all the tracks you assigned for recording, no longet have any regions on them. That is because they are packed into the folder. All the audio regions you just recorded are still assigned to the appropriate tracks, but their just inside this folder now.
Mute the folder named "take 1", and record enable all the tracks again. Record take 2.
After recording take 2, pack all the newly recorded audio regions into a folder. Name this folder "Take 2".
Rinse and repeat...
You can easily listen back to each take, by simply muting or unmuting the prospective folders.
Any plug-ins, volumes, pans... even automation, are still assigned to the appropriate tracks, but the folders are dictating which take is playing through those audio objects.