When selecting a instrument you get to select a preset. When a preset is chosen a instrument track is made with the preset name.
This is all nice, but give people the option to select a instrument without having to choose a preset or make it so that when changing the preset in a later stage the name on the instrument track changes. Choosing a preset does not make it so that I will change it later.
Support for 3party VST’s with vendors so your can quickly choose between different plugin brands.