Looking at the images for this one it is almost exactly the same as FL Studio Mobile!
Hopefully it is better though as it seems that a later update have made FL Studio Mobile getting a lot of one star reviews because of not recognizing installments and force closing etc...
(One thing that Music Band does not have is the integration with FL Studio of course.)

It is all sample based instruments and seems to be more to the realistic side of things but have not tried the app so do not know for sure.
There is a free version that allows for testing which is great and would have saved a lot of grief for disappointed buyers of FL Studio Mobile if imageline did not think with greed as a first priority (at least that is how it seems to me...).
I am convinced that it is the same developer/s as for FL Studio Mobile as there is so much similarities... even the same irritating midi note input in the sequencer!
Hopefully it will work more smoothly though.
​Guess I have to test this one day...

In either case there is a discount for a week and there is like said a free version to see if it works okay. Definitively interesting as there is a lot of instruments plus a lot of Audio tracks, recording, effects etc.

The official info:

*** Introductory Sale ***
To celebrate the release, the full version of Music Studio is 33% off for one week!Music Studio offers a complete music production environment for mobile devices with features and a sound quality previously only known to desktop applications and expensive audio hardware.
It combines a piano keyboard, 11 studio-quality instruments (118 in the full version), a fully fledged 127-track sequencer, extensive note editing, reverb, real-time effects and much more on a user-friendly interface.
FAQ
• Why does the Android version have less features than the iOS version?
Music Studio for Android is several versions behind (2.0 vs. 2.6). Both versions will be consolidated in version 3.0. For details, see www.xewton.com or the in-app help.
• Why is there a latency between touching a key and hearing the sound?
The latency is quite high on many Android devices, see the FAQ in the in-app help.
• Black bars are visible at the left and right screen borders on some Android devices.
This will be resolved in version 3.0.
AWARDS & REVIEWS OF THE FULL VERSION
• "A recent composition of mine started on the iPhone with Music Studio" - Jason Hayes, lead composer of "World of Warcraft"
• "Music Studio is loaded to the brim with features and is a no brainer for composers" - AppAdvice.com
• "If you’re at all serious about your music you can’t really afford to miss out on this app." - razorianfly.com
FEATURES
• Photorealistic dynamically configurable 85-key keyboard
• Instant positioning via the slide gesture and resize with the pinch gesture
• 11 studio-recorded instruments (16bit 44.1kHz sampled from real instruments)
• Release and attack time configurable per instrument
• Sustain samples
• Pitch bend wheel and accelerometer control
• Audio tracks:
• Microphone recording
• Audio file import (wav and m4a)
• Waveform and audio region editing
• Low-latency, highly optimized, 128x polyphony, battery saving audio engine
• 10 drum loops
• High-quality reverb and resonant filter and limiter effect
• 127-track sequencer
• Beat & metronome settings (tempo and signature)
• Mute, solo, effect bus, pan and volume adjustment for each track
• Edit tracks, bars and even individual notes:
Draw, quantize, transpose, repeat, move, length, velocity, etc.
• Unlimited undo and redo
• Detailed in-app help
• Play or record 2 different instruments at the same time with 2 keyboard rows
LIMITATIONS OF THE LITE VERSION
• Saving, exporting and sharing is disabled, hence only one song can be created.
• Only 11 instead of 118 instruments are available.
• The number of audio tracks is limited to 2 (up to 127 in the full version).
• 3 Effects are not available: Delay, EQ and Amp
• Only 10 instead of 100 beats
• MIDI import/export is disabled.
• No add-on packages (+60 instruments)
Visit the forum at www.xewton.com - Questions, feedback and bug reports are welcome!
Video tutorials are available on the Xewton YouTube channel.

If using Pure Data I guess this must be a DAW that would be highly interesting!
I asked n-Track Studio if it would be integrated into the Android version of n-track Studio as well and it seems that there is a possibility! 
That would be amazing as there is a lot of instruments and effects made already to be used even if there is no knowledge on how to use Pure Data. 
Songtree is also implemented directly into the DAW which is enticing if you are a user of Songtree on Android.

To read more about this affordable and capable DAW go here:
http://en.ntrack.com/index.php

It is made to work cross platform and of course for Android as well. This  is maybe no surprise as it is cloud based. There is a possibility to use it for free but with the limitation of five projects and some smaller limitations... but it is great if there is a need to collaborate with someone and it is in difference to Audiotool more for recording than midi and sound generators.
So if there is a steady internet connection this is one of the more complete apps there is for Android!
To read more:
https://www.soundtrap.com/

Showing of the latest new function in this mobile Daw that just keeps getting stronger!

Another short review of the Ableton Live controller...
Go here to read it:
http://askaudiomag.com/articles/review-lk-ipad-and-android-ableton-live-midi-controller?utm_content=buffer32cc8&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

Here is a short review of the Ableton Live controller. It is made using a iPad but the Android version is the same...

To read the review go here:
http://www.residentadvisor.net/review-view.aspx?id=17074

This has been out for awhile and last time I took a look about a year ago I did dismiss it but after accidentally seeing this later basic video it looked much more interesting and can see how this would be perfect for some people.
Maybe the one thing missing would be time stretch.

Play Store info:
Androsynth is a full featured multi-track audio composer, audio editor and effect creator. It contains an audio editor which you can use to import audio files, add effects to them and slice them in samples, an effect editor that allows you to create your own effects from elementary blocks, and a tracker that you can use to compose new music using those samples and effects.Some features are limited in the demo version: songs are limited in duration and there is a maximum number of elements you can use to create effects. There is no limitation in the sampler. 

Sampler features :
► Import most audio file formats including MP3, Vorbis, FLAC, WAV, even audio tracks from videos
► Record audio from the internal microphone
► Add effects such as pitch change, low pass filter, wah-wah, etc ...
► Convenient zooming and editing features
► Save as sample

Tracker features:
► Unlimited number of tracks
► Individual mute/solo/volume control for each track
► Expand and repeat samples
► Add effects and filters independently to each voice
► Master song as WAV in CD quality (44.1kHz, 16bits, stereo) 
► Save/load project
► Zooming, panning, full multitouch support

Effect editor features :
► Create your own audio filter effects
► Start from a preset library of effects that you can modify
► Use your effects anywhere in the application

※ For optimal use it is recommended to use this application with tablets or phones with a 4.7inch or larger screen.


There is more tutorials on the Youtube channel and on the official website:
http://www.draliv.com/androsynth/en/

* Support for 24-bit WAV files
* New loop editing features
* Auto quantize during Jam
* Convert Jam session to a loop (for editing and reuse)

Getting more serious with each update. 
It also comes with Midi out now, that is a very interesting option for anyone 
that want to use hir mobile device to control hardware synthesizers and other midi devices.
Would definitively recommend to use a USB Audio interface though, 
if you want to make some professional recordings with very low latency. 
Also would recommend to test the Demo version first to make sure everything works as expected on your device as it costs more than your average application and there can be some issues, me for example had the problem that it saw my usb soundcard as the microphone input and the 1/4 inch cable input as left and right mono inputs and not having any command that I could find for making the stereo track to mono leaving the recording totally panned to the left or right...
( This happens sometimes for me using Audio Evolution to, but not always... )
Could just be something specific just for my USB Audio interface though, it can also have been fixed now as the version I have is the one version previous that got sent to me to test in either case worth testing the demo version first.

The update:
___
- Midi Out
- Support for control surfaces (eg: Korg nanoKontrol2)
- Choose destination directory when saving projects, audio files and midi files
- Customizable back button behaviour
- Various bug fixes
___
Playstore link:
https://play.google.com/store/apps/details?id=com.ntrack.studio.pro

Just like Audiotool another online Daw that sometimes gets mentioned it does not have anything directly to do with Android but it is possible to use over your device if you have good internet connections and use Chrome as your web browser.
So the business model is that you are limited to how many numbers of projects that you can have going and strangely enough in number of drum kits...
There is a free subscription though where there is five projects available to work on. 

It does not come with much in form of sound generators.
So far there is only one basic synthesizer and audio loops available!
Coming with a number of effects though.
But the strength of the application is the possibility to record audio tracks 
and have direct collaborations.
So for bands that live far apart to compose or start collaborations with other people signed up it is great but like said not really with virtual instruments.
To mention to is that everything is stored in the cloud so you can jump from device to desktop etc.
Soundtrap are part of this video from Google I/O 2014 as can be seen here:

Here is a video demonstrating the live recording in action:

Picture of the effects available.

To sign up:
https://www.soundtrap.com/