Some software requires both a USB key and challenge/response authorization of each individual machine … yeah, again, special words, not family-friendly. I’m sure the iLok people could point out that, unlike their key, this can only authorize Record and not other software, though that’s less of an issue with an app that (for better or for worse) doesn’t support plug-ins. My sense is that this won’t be a deal-breaker for everyone, and a lot of people are enthusiastic enough about Record that they’ll live with the key, just as people live with, say, the online authorization in a tool like Ableton Live.