You get just about everything you need to process and record audio material. A few annoyances from earlier versions persist. The user interface isn't the same for all programs in the suite. Overwriting with DirectCD can take three or more times longer than the original write. There's no batch function for testing multiple hard drives or partitions.
Platinum is still the most comprehensive CD authoring package available.
Handles virtually all CD-related chores, including MP3 encoding and video CD editing. Worth upgrading to if you want the extras.