Wow.. This will be amazing..

Audio looping also!

Drag and drop is a must here ;)

Audio clips yes. Please also include basic editing features such as split, merge, crop regions to a preset grid interval. My mind would be blown if it had slip editing and crossfades

Also I love how garage band manage my recordings: it embed them on the project file, so I can work from iCloud without worrying about having rogue audio files on my precious internal storage!

If audio get implemented, I would love the posibility to "join" the current clips, so you could have long audio files, like a pseudo timeline. Or maybe you could choose between a timeline and a clip mode? or maybe it's irrelevant if you make "clip" selectors for long audio files.

What I want to be able to achieve is having vocals laid in a time line and having transition sounds aligned with certain parts of a song.