FL Studio is a full-featured music production environment capable of multi-track audio recording, sequencing and mixing for the creation of professional quality songs or realistic drum loops. With VST/DX hosting, 32 bit internal mixing and advanced MIDI support no musical style will be beyond your reach. Songs or loops can be exported to a WAV, MP3, OGG or MIDI.

FL Studio is a pattern based sequencer, which means you create your songs in pieces (patterns) using the Step Sequencer and the Piano Roll view and then weld those pieces together using the Playlist window. Then you can add a wide range of effects to your instruments (reverb, phaser, flanger etc.) and route the resulting mixer tracks in any way you like to create complex mixing chains with ease.

To see a detailed list of the features of FL Studio 8.0 visit here

To see the FL Studio Online Reference Manual visit here

To see a detailed list of the Changes to FL Studio 8.0 visit here