Am rewiring Reason 4.01 into Cubase 5 as we speak ... so i only can answer this Q with a "Yes" ...

And for Live ... thats a yes as well

And for your last Q : Have a search on the "Regroove" mixer (and how to use it ... U-Tube is filled with loadsa Reason tutorials ...) , this lill device makes a drum-track a bit more "groovy" ...

Greetzzzzzz