yeah, Fruity Loops is what I use. After you get the hang of it, its easy to sample and make some ill beats. Or you could make kindergarden beats like Laffy Taffy too. Apparently it works well for that too.
My only beef with it is that the pre-packaged sounds are horrible for rap beats. The trumpets/strings are awful, no good xzylophone either. And the basic drums are terrible. Gotta get you're own packs.
As far as that song that comes with it, yeah its nice, good bass.