Novation put together this video to demonstrate usingthe ZeRO SL MkII with the Launchpad to create an ultimate Ableton Live setup:
Launch clips with Launchpad and let ZeRO take control of the mixer and all Live's devices, there are even 8 trigger pads on the ZeRO to sketch out drum beats. But the best thing about the Zero is that you will never lose track of what you're controlling.
Check out the links below for more Launchpad and ZeRO SL MkII coverage.
A useful tool to have if you're an FL Studio user
Gaz Williams gives us some insight into the new version