Well the new software for the iPhone and iPod Touch came out today as well as a new version of iTunes 7.7. With the update you can now download applications to one of your touch devices and one of the cooler ones being the “Band” app from MooCowMusic.

The app includes a piano, drums, metronome, bass, and blue instrument. All of this can be recorded, overdubbed and remixed later.

Video of this in action after the break.

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[youtube=http://www.youtube.com/watch?v=Mh0VX74alwk&rel=1]