Been using version 5 (studio edition) for a while now.
The arbitrary restriction on mixdown with external devices is EXTREMELY irritating, but eh, you only do a final mixdown once per song, and it's work-around-able.
I get crashes sometimes when exiting the program, but apart from that it seems very stable.
I have to say I really am not fond of the routing interface in it at all. A friend showed me a screenshot of the way routing works in Logic and it looks SO much better. Oh well.
I am still hardcore n00b with the program to be fair, Tricky I'm afraid I have no idea about your midi whistling capture thingy. I will take a look sometime and let you know what it's like :>
-Annikk
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