I beg to differ. If Steinberg were to include all the features, the price of the Elements version would triple, at least. Look at Cubase. There are very good reasons for having three “levels”:
Cubase Elements, for hobbyists.
Cubase Artist, for serious musicians
Cubase Pro, for professionals, studios, etc.
The same would be true for WaveLab:
WaveLab Elements, for hobbyists.
WaveLab Artist, for serious musicians
WaveLab Pro, for professionals, studios, etc.
Elements is too basic, for any serious use. The full WaveLab contains so many hight-end restoration and forensic features that they actually get in the way of the workflow. An Artist version aimed at serious musicians, who need to make CD masters and prepare files for streaming services, would be most welcome.
That’s a matter of opinion. I find it very expensive! Maybe you don’t mind wasting money on features you don’t need, but I do. I can put that money to much better use. That’s the reason I haven’t wasted money on the full WaveLab. I do my mastering in Cubase (although it’s not suited for the task) and use WLE more or less as a CD burner (not being able to render DDP files, is a problem).