A lot of people are excited about the upcoming release of Cycling 74's Max For Live.
Max For Live is a tool kit for making new devices within Live - a sort of sonic building blocks.
These two videos, from Cycling 74's first user conference, earlier in the year, feature Max expert Darwin Grosse explaining the details for Max For Live.
While these videos are a few months old, they offer a deep look at the potential of combination of Max and Live.
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4-voice paraphonic synth,2 osc, 3 filters,5 LFO, 5 ENV + 12 slot matrix