Monitor inputs wet but track dry?

[sweetbeats]

Hello, folks.

Not a Multitrack DAW user yet, but considering it using an iPhone 4S and Guitarjack2.

Have lots of experience using Cubase and Yamaha interface hardware as well as open reel tape formats.

Question: does the iPhone 4S have enough processing power and does Multitrack DAW allow for effects to applied to inputs (monitored "wet" like an effects processor) but to be able to track those inputs dry? IOW you get to hear a delay and/or reverb effect applied in real time to, say, a guitar so you're all in the zone and whatnot , but what's recorded is the dry guitar signal so you can essentially re-amp when mixing.

Thanks in advance.

[pwnified]

Yes, in fact any inputs are always recorded dry. You can get Monitor effects by adding them to the track that's being recorded on, but the source is always streamed straight to disk in a dry format.