Here is my quick test of DAW. I am super impressed with this app. Please don't pay too close attention to the details. I was just blowing through a quick rhythm track and lead. one take was all I had time for.

Link: http://soundcloud.com/dan0-1/test-wav

Details:
Guitar: Fender American Standard
Drums: Line6 JM4 Looper
Guitar FX: Line6 JM4 Looper