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well I'm not too familiar with a ton of other programs but I can say that investing in some kind of a pro tools system is just that - an investment. Pro Tools is the industry standard for recording and mixing (not generally mastering though it can be done) and having it at your disposal means you have a lot of room to build up from ground zero. You could buy it now for relatively minimal purposes, but as time goes by and you develop more skills and knowledge, you will be able to use that to a greater effect.
pro tools requires compatible hardware to operate. I.E. you have to buy some kind of physical interface and you need it hooked up to your computer to run it. I haven't tried the m-audio stuff, but it looks a bit nicer than the m-box (the most basic digidesign unit) and the actual digidesign hardware usually gets a big "meh" as far as likability and quality with everyone i know.
if you have any interest in live recording and moving on to bigger productions in the future, i think it'd be a worthwhile investment if you can afford it.
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