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No CoolEdit would not cut it for music composition. Production, yes.
Reason is extremely complex, and unless you have alot of time on your hands, it's not worth it. And if you are going to go for it, and you come across 2.0 somehow, don't bother, it won't allow you to use VST's, which is absurd.
FruityLoops is a great program IMO. If you are using all your own samples and VSTs, it only functions as a sequencer, and a great one at that. The sequencer in Reason is awful, AND YOU ALL KNOW IT, so shut up.
If you are going actually put some good ammounts of money out there, get your PC, and get a Korg Triton, Amazing synth, about 5000 Canadian.
If you are going soft, you need a MIDI keyboard, I recommend one with more than 8 controllers, these are really really handy. Sliders are better than knobs in most respects (can only turn so many knobs at once). Midiman Oxygen is excellent, just played with one for 5 hours. Ozone is the same thing, but it has a built in sound card, mainly for using it with a stand alone synth.
Thats all I care to say for now.
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