I'd like to know from anyone that's actually PLAYED the software instruments in Garage Band for the iPad2 from a MIDI keyboard, what's the latency like? How much lag is there, does it feel snappy or draggy to play?

Oh, and if you haven't seen this yet, prepare to be gobsmacked! The entire Fairlight CMI IIx as an iPad app! http://fairlightinstruments.com.au/ios including the entire original library, Page D step sequencer and 3D waveform capability. A $100,000 synth as an iPad app!

Bloody hell!

(Can't wait for an iPad Synclavier, next!)