Yes, it is quite possible. The Novation already comes pre-programmed for various software packages. You simply select which setting you want (or which program you want to control) from a rotary controller on the Novation.
If haven't got the program you want already in the Novation you simply write one yourself and store it, as is the case with LivePRO.
Have you lookoed at the Behringer BCF2000 as an alternative?
Cheers
Jem
Quote: "There is a theory which states that if ever, for any reason, anyone discovers what exactly the Universe is for and why it is here it will instantly disappear and be replaced by something even more bizarre and inexplicable. There is another that states that this has already happened.”... Douglas Adams 1952 - 2001