I know this has discussed here a lot in the past, but now the RIAA is claiming that it is illegal for you to even copy CD's to your computer for your own personal use:
From: http://www.washingtonpost.com/wp-dyn/content/article/2007/12/28/AR2007122800693.html
This is rediculous.....I could talk...
Yea, Reason is a sequencer and is not made to handle audio tracks. Use rewire to use reason in conjunction with Ableton or something like Logic Express (my preference) or Pro Tools.