The difference between v2 and Mackie's v3 are mostly cosmetic. Version 2 certainly updated many things lacking from v1.6.0.1. I like the U.I. update, that allows you to hide panels you aren't currently using. Version 3 introduced the track folders option. It does make for a more organized working environment. But the functionality of adding an effect, to a group of tracks (like drum sample tracks), Is available in version 2; even without the folder option.
I believe you can run this in Windows 98/ME, without KernelEx. But you may need to winver trick the installer. I think it wants at least WinME. Sadly, there is no VxD driver support, for MIDI. That is kind of a bummer. But it can load Tracktion 1 projects. Or you just import the MIDI file, from Tacktion 1's project folder. But this is only good for Virtual instruments.
This version seams just as peppy as version 1.6.0.1. Allegedly, version 3 is mildly slower.
Reaper, on Window 98/ME, is still the most capable DAW I have found. But when it comes to work flow, for me, Tracktion takes the cake. And these earlier versions, of Tracktion, might just out perform early Reaper; which I would have found hard to believe.
Check here ->
http://www.oldschooldaw.com/forums/index.php/topic,8166.msg12760.html#msg12760 <-
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