Hey Eric -
LE's not bad feature-wise. It comes with a good chunk of stuff, and you can always download tons of free VST plugs to go with it... my biggest problem is that it's not reliable and has a number of bugs, at least on my system. If you're just having fun and not doing anything too serious, it's a great place to start. However, if you're going to try to do anything critical (like multitrack live recording), you'll want to upgrade real quick for the support, because LE has NONE - Presonus tells you to talk to Steinberg, and Steinberg doesn't offer any patches or updates for LE. I just bought Sonar 5 producer because I'm tired of fighting with the bugs in LE.