Go with n-Track dude. Yes, it's definately shareware and sometimes when new features are introduced they don't work right for everybody. However, Flavio is very efficient and really makes an effort to help his users. For instance, I once found a bug in which live input processing would break if I used the soundcard clock instead of the system clock, and tried to use live input processing (it was a special case based on my hardware and Win2k). About one week later I got a response saying that he looked into my problem, replicated it, fixed it, and posted a new build to the site. I have never been ignored.
What you get with n-Track is a piece of software that has the same features and often MORE features than larger more expensive systems. I'm not saying that it's the "end all" product, but for cryin out loud, it's $50 and you get free updates (not just fixes either, feature updates as well).
Some of n-Track's features: DX plugins, DXi instruments, VST plugins, VSTi instruments, destructive/non-destructive editing, basic wave editing (more editing capabilities than Vegas Pro), volume/pan/aux automation, VST and DX automation, ASIO driver support, WDM driver support (including support for the revised Win2k WDM model), MIDI piano roll editor, SMTPE and MTC sync, video synch, unlimited 16/24/32 bit audio tracks (hardware depending), unlimited MIDI tracks, unlimited aux busses (pre or post fader), mixing from track view, mixing from mixer view, transparent windows, and more.
Oh, and you can just pop over to fasoft.com and download a slightly crippled trial version.
I'm not knocking HS2002, because I've never tried it. I do know that it does not have VST or VSTi support which is a major bummer. I was never too keen on cakewalk in the past really...I'm not sure how similar this is. n-Track does not have loop support the way you're imagining it, but I do a lot of loop based material.
The way I see it is this: in 2 years I've had to spend about $75 on n-Track Studio ($50 for the 24 bit version initially, and then *one* upgrade that wasn't free for $25) . Even if I reach a point where I need something else, I wouldn't feel that this tiny bit of money was misspent.
In the end you've got to choose what works best for you, regardless of public opinion!
Slackmaster 2000