Amazing app. I was using the microphone to records song ideas, it was such a mess. That's exactly what I was looking for. As a guitar player, sometimes I play chords I don't know, perfect to have the app keeping track of it. And this intelligent backing drums works so well.
You can have fun with it even without a guitar! I just recorded me talking and added bass and drums and it sounds pretty ridiculous/fun. Wish it had an autotune too :D
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As a musician who's constantly humming song ideas into my Voice Memo app when creativity strikes (often while walking around NYC), I LOVE the fact that auto-detection of chords (assuming you have accurate vocal pitch) and auto accompaniment also work with humming melodies!
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If you're looking for a more powerful real time chord recognition for guitar, you should have a look at uberchord. http://uberchord.com
Very awesome that they decided to get more involved in the music creation space. I've been playing around with the app the past few days and it's slick. Now to figure out who I need to talk to at Apple to get Clyp as an export option so I don't have to share my mediocre ideas on my YouTube or Soundcloud account ;)
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