Adobe Systems has announced Adobe Audition 3 ($349 full version; $99 upgrade), software for recording, mixing, editing, and mastering audio. New features include VSTi virtual instrument support with MIDI piano roll, enhanced spectral editing options, fast fade and crossfade controls, and advanced multi-core support.

Furthermore, Audition 3 offers new effects such as Analog Delay, Convolution Reverb, and Tube-modeled Compressor, as well as the Guitar Suite, which adds analog-modeled effects to dry guitar tracks. And with Radius time stretching from iZotope, you can change tempo and pitch independently.

Adobe Audition 3 for Microsoft Windows XP and Vista is expected to ship in the last quarter of 2007. For more information, visit www.adobe.com/products/audition.