I've been playing around with triggering clips from Ableton Live > Modul8,(via IAC) and then feeding sound back into Live via Soundflower.. latency is slightly noticeable, particularly when triggering with my trigger finger, but its more of a concern that the timing is variable to say the least... sometimes it will follow a pattern i've sequenced exactly, sometimes it just misses notes altogether, plays incorrectly etc..
I'm using a MBP 1.83 core duo, with 2 gb ram, plus 15 gig spare HD.
Is this just unlikely to work 'reliably' in any circumstances, and is it primarily that Modul8 has too much to deal with when a clip has sound on it?