Quote Originally Posted by danielmarshall View Post
Reason, Live and FL Studio are all decent quality tools with relatively gentle learning curves, that will also serve you well into the future when you'll most likely be using Logic, Cubase or Nuendo as your main sequencer. That said however, all 3 have their own nieche area, and it's worthwhile learning them all.
Neither Reason nor FL Studio supports recording of live instruments.

You'll need something like Cubase or Sonar (or Tracktion) to do that.

Not sure if Acid will do it or not?

AFAIK there's no direct equivalent of Garage Band for the PC.