Everything is in the sequencer. I have one sequence at 99 bars and recorded a long sample I plan to chop. It is definitely possible to create whole songs DAW style. There is Pad Mixer to adjust the volume and panning of the samples on the pads plus editing tools, its actually more fun than a DAW, only no VSTs in standalone.
Song Mode is just drag and drop sequences onto a list. Like Intro, verse, chorus or you can work in a single sequence instead. I usually work on one sequence on MPCs but I'm going to experiment if its possible if the sounds of Seq1 can bleed onto Seq2, because I don't like sounds cutting off abruptly especially vocals that can overlap a bit over hooks.
I'll keep you guys updated, haven't used it fully but I'll be off for 18 days in June and plan to make beat making videos, maybe 3 or 4 vids.