Snapper can play back files in all formats, MP3 to 5.1, and allows cut and paste editing and conversion to MP3, even allowing you to instantly email a snippet of a file as an MP3. It works in iTunes and in Pro Tools allowing instant upload of any file to a Pro Tools song.
Check out the Audio Ease website for a video preview of Snapper - we think you'll be impressed.
Pricing and Availability:
There's no release date and price yet...here's what Audioease say, "Right now we don't know when, and we don't know how much. But if you want to hear from us when we do know, then add yourself to the mailing list..."
More information and video demo: