Hi Scott,
Go for an upgrade immediately. You're way to good to settle for 2007. It's totally MIDI, or might have 3 or 4 Realdrums, I'm not sure. Realtracks came in at 2008 or 2008.5 -- the link below is for the 2007 manual -- just in case it's not easily accessible on the CD/disks you have.
BIAB 2007 manual (pdf)Given your expertise, I'd encourage you to go for the UltraPak 2020. At $169 -- if I'm reading the price page correctly -- it's great value.
Regards,
Noel