A couple months ago, I began playing with an amazingly addictive application from Andre Michelle known as ToneMatrix.  I posted it here for you to play with.  While reading the notes about ToneMatrix, Andre spoke of a new beta application called Hobnox.  Hobnox is an online music generation tool but in actionscript and is free to use.  If you love music, are a certified audiophile, or just want something cool to play with, you should really check it out.  The audio generation tool is one of the most interactive and intuitive applications I have ever seen and there is almost no lag... even when running from a slow machine.  Hobnox offers you the ability to have your very own online music studio as well as online storage of your musical compositions.

Hobnox also features a LiveTool that allows you to record your live stream and an extensive library of sounds, clips, and images.