Dont waste your time or $3. I should have figured it was a bad sign that the app crashed the first time I opened it. Then when I actually tried recording, the first track was fine but after I recorded the second, it crashed losing my take. Arghh! Also there was a loud clicking noise that repeated constantly in standby mode. Worst of all, you cant save a work in progress. Essentially you have to master/export all the tracks as wav file just to save and protect your work from constant crashes. Youve been warned! Gonna try Fourtrack now. Hard to find a functional multitrack recorder for Touch.
MandoJ about n-Track Studio Multitrack Recorder