There have been some growing pains....
But, I'm being optimistic and everything is now working well. I've been playing along with Garageband virtual instruments and honestly, I wish I had something like this years ago.
I've even had a chance to do a couple initial test recordings. One thing became evident right away; this will not replace a proper DAW, but it's perfect for getting down quick demos.
I've uploaded a couple quick clips on my Soundcloud page. The first clip was done using the internal iPad mic (which caused a ton of feedback that I couldn't hear at the time; my fault) and the second one was done using the iRig preamp. Both left a lot to be desired.
The next time I record, I'll be running my mic through a PRE-73 first, then direct into the iRig, which will basically just serve as an interface.
Quick and easy setup.
Audiobus. This is a great app that lets you use instruments and effects from other apps and route them to your DAW. This app was a few dollars; I've just gotten used to Apple asking for my credit card every 5 minutes.
Vocalive. This app is part of the iRig suite (with in app purchases). I'm pretty sure this is where all of my bass disappeared, but I've looked and couldn't find it.
In conclusion, I actually had a lot of fun with my first recordings. I immediately want to port these virtual instruments through a proper DAW and get some actual tracking going...and that's the point. It's so easy to develop ideas that you quickly get drawn back into the studio.