Launchpad Edition vs Live 8

Launchpad Edition vs Live 8

Hey Guys

Just a quick question wondering what are the main differences or limitations between Live 8 and the Launchpad Edition of Ableton?
I understand that you are limited to using only 8 racks but im wondering if any features or special features are not included in the Launchpad edition.
Im assuming I will still be able to record, save, warp, timestretch etc. all in Launchpad edition..correct me if im wrong?

Thanks ahead of Time!

You’ll have limited sends, limited scenes (vertical grid), limitation on FX, no looper, less instruments and lack of Complex/pro Warping mode can make stuff sound pretty bad depending on the tracks.