Reason is great for recording. Not so great for MIDI. Kinda funny that as it was originally designed for MIDI. I used to use Cakewalk to do all my midi, then convert it over to Reason. I've since learned how to work around the awkward Reason interface. As far as recording,
Reason is absolutely easy! Hit the record button, wait for the clickdown and play. Everything goes in right, stable, problem free! But where it really shines is in the mix. Everything I ever wanted at my fingertips.
Effects, mastering, hugely controllable EQ, virtually unlimited tracks. it's huge! The layout, which gives you the option to reroute cabling on the back like it's real
world, gives me a flexibility that I have never seen in any other DAW. If you want your track to have chorus and flange with 45db gating, it's right there. If you want to gate before the flange, you just reroute the virtual cables on the back of the devices and voila! there it is!
It is more costly that other DAWs I've seen, and as I've said, it is not great at CREATING MIDI, but it is right awesome at USING it.
So there's the P&Cs of Reason.