Ableton said today that Live 3, the new version of its popular sequencing instrument for Mac OS 9 and OS X, is now shipping. According to the company, the new version “brings a new world of possibilities to your compositions, loops and samples by giving you control inside of the sample.” Among the new features are Clip Envelopes, which extend Live’s “elastic” approach to audio by allowing you to achieve endless variations of a sample. The new version also offers MIDI key ranges, velocity sensitivity, a new Legato Mode, a new Consolidate command, new effects, and more. Live 3 is priced at US$399.