you can do either step-recording (single notes or chords) or you can just jam away and record i.e. live mode.
in all cases you can record single notes or chords.

remember you also have micro timing which is really cool. I prefer to live record without quantization and then adjust the micro timing if off.

I think it is a great sequencer, the only problem I see is; not being a linear sequencer you have to sort of think in 64 step chucks.