Mpc studio live loop ability

Thinking of using a mpc studio with daw to do some live looping, combined with its sampling features.

Firstly can it be used with software 2.0?

I want to be able to play an instrument then hit loop, go onto another track and so on. Alwant to trigger pre recorded samples which is ovbs possible, but i want to combine this with live recorded audio.
Anyone know if this is possible with the software?

I dont fully understand how the software and mpc studio works yet. Is it possible to trigger recorded audio without processing/loading times? Ie instantly?

I have used my studio with the 2.0 software -- got my Live,so I got a license. Things are a strange right now, things like the browser aren't accessible through the studio, cause they haven't written the hooks in yet. But as for pads, start/stop/rec, the program/sequece/track buttons, they all work.

As for tracking back, "re-amping" -- haven't tried it, but I think you'll have to figure out if latency is a problem for your tracks. Want to try that next, myself, to get software instruments turned in to audio tracks. Don't see what it wouldn't work.