Melodyne Recording Software

I shot this link to Russell for his opinion and then I figured I'd post it on the board.
Melodyne is recording software that allows you to do much more than regular software.For one example you can if you have recorded a C chord on piano or guitar you can manipulate each individual note how ever you want to with out affecting any other notes.This is just one example,you should check out the vids to see what this program can do as it looks to me to be very impressive.It's pretty cool but I'm guessing expensive.Also check out the plugin videos.Let me know what you think

KAP54
http://www.celemony.com/cms/index.php?id=258&L=0