Personally, I think that for anything other than drums, elastic audio is a HUGE step backwards for arranger users.
The main problem, as I see it, is that there needs to be an audio loop for every conceivable chord type you could possible play, which is just not currently available. Sure, Maj7ths, diminished, 7sus, etc. MAY be there, but what are you going to do when you play a chord that ISN'T in the set?
Currently, most TOTL arrangers are capable of recognizing and playing some pretty whacked out extensions, which if you play jazz (or just want to get weird!), you really need. Enter the 'live loop' player, and poof! There go all those delicious chords. Try playing some Gilberto, or Jobim and Stan Getz, and weep as the guitar track plays simple chords instead of what you tell it to...
And forget inversions, slash chords, passing chords, all those things that the arranger in it's current MIDI form CAN do, but elastic audio, that can only change the tempo or key of a chord recording CAN'T. And forget about editing the style, or creating your own.
Once again, we see an attempt to make the arranger SONICALLY better, but less responsive to the actual input of the musician. Not really what I was hoping for...
Where's the Guitar Mode? Where's the Bass Mode? Where's the Piano Mode? Having these kinds of tools, that make an algorithmical attempt to emulate REAL playing in response to where on the keyboard you play, how hard you hit the keys, what tempo you are playing at, how busy you are playing, will always give a more satisfying experience to the player and listener, than audio loops of pre-canned playing, that totally ignore what YOU are doing other than what chord you are playing (as long as it is in its' limited chord repertoire).
Guitar Mode on the Korg is revolutionary. It is one of the first things on arrangers to make an attempt at figuring out what a real player would play in a dynamic situation, not just one chord at a time. THIS is the technology that I wish arranger manufacturers and programmers would pursue.
Imagine a Piano Mode where you didn't get those weird jumps from one chord to another, as it simply figured out how to revoice the chord to blend smoothly with the previous chord (something we all do ourselves all the time). Imagine horn sections and string sections that did the same intelligent voice leading (something that some of them can already do on single note lines).
Revoicing chords to avoid unnatural jumps is something that could be achieved quite soon. But only if we stay away from seductive dead-end streets like 'live loop' technology, and concentrate more on making the auto players more life-like.
Guitar Mode from Korg is the start. Who will carry it on...
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An arranger is just a tool. What matters is what you build with it..!