The loops that come with the Ultimate bundle are 'acidized' .wav and .aiff files. If BIAB can use those, then you should have no issues.

There are plugins in Tracktion 3 that simply make it an incredible value, if you know what to look for.

For example, there is a channel strip plugin with some presets for male and female vox for condenser and dynamic mics, that quite honestly, work most excellently.

I don't have time this month to demonstrate specifically because I'm in the middle of the FAWM 2011 challenge to write 14 songs in the month of february.

The GPO lite edition that comes with Tracktion 3 is worth $20.

The Final Mix plugin that comes with Tracktion is worth $20.

There's all kinds of parts to it that are worth $20 in and of themselves. Use them just once and you're ahead. Don't know where to go looking for them or how to use them and then it's a waste.