So here it is, less than 2 weeks since I got my Mac, and I look into the new annoucement of the shiny silver iMacs and see the new iLife and iWork ‘08 packages. With mild interest I look to see what is new and see a new Virtual 3d Stage in Garage Band. Here is what the web says:
Magic GarageBand.
Get the creative juices flowing. Bring the band together and let Magic GarageBand generate a new song. Create a virtual jam session or use the song project as a starting point to create your next hit.
Take the stage.
The roadies have set up. The band is on the virtual stage. Now pick your instrument and step into the empty spotlight. Playing along with the band is a perfect way to practice or create new songs.
THEN REALITY SET IN… 
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The first thing I did upon setup was install Parallels 3.0 w/ Windows XP in Coherence mode (which means XP windows appear just like Mac windows - meaning independantly movable/etc. instead of the old Virtual Machine-in-a-box modes which were ugly).