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BM2 is worth $4.99 for the sampler alone, but it's a highly capable DAW as well, I would easily recommend it.
Yes, but that's not saying much since GarageBand is one of the most bare-bones music-making apps in the App Store.
Bought this long time ago, full price. Very good DAW, it easily could have been one of the best, with lots of features, regular updates, etc. But it is a HUGE memory hog. That's why I don't use it too often. If you own an older iPhone, better spend a few more bucks on NanoStudio or even MusicStudio/FLstudio.
This is, IMO, the best DAW type app for iOS. Yes. $4.99 is a STEAL. Cubasis is a little more intuitive, but Bm2 is much better.