I love Live because it's insanely modular. I've used it for making standard rock tracks, made electronic beats, used it for sound design and sample mangling, recorded live bands with it, and most recently used it for live performance. i've seen people score videos with it, do live visuals, and even control physical robots with it - it's not even a music software for me anymore than it is an interface for creativity. and i know that sounds like i'm fanboying, but i'm trying to be as genuine as possible as somebody who came from working extensively with everything before including but not limited to: ProTools, Logic, Cubase, Reaper, ACID, FL Studio
I can't thing of any other software that has its flexibility. And now that it's partnered with Max, it's even exponentially more flexible. There's hasn't been a single situation where I couldn't do something that I wanted to do with Live. In fact, there are a plethora of things I still WANT to do with Live that I haven't even done yet and that inspires me greatly