looks like a pretty useful product for practicing Steve!
Yup, with real time view you can raise or lower your voice to get yourself back on pitch. I haven't played with Melodyne enough yet to see if it has some kind of real time ability. I've just been pulling .wav files in to it.
Melodyne Editor and it's varients, as we have been discussing here is NOT a real time VST. It works on recorded tracks.... you have to follow a few steps
1. record the audio part
2. insert the ME VST into the track bin
3. click on the capture tab in ME to enable it
4. start playback ....ME captures the audio during playback.
5. work on audio and save in one manner or another.