sure, go ahead and play around with it
rip it off of youtube and I guess you could work from there.
Although I used Mixcraft 4
but I guess you could edit it directly from the MP3.
I guess you could use modplug.
As for that instrument from Korg:
(this is not my video)
Heavy techno by KORG KAOSSILATOR - Beat MakingInteresting, isn't it?
Better save up for christmas.
There is a more professional version that costs alot more, takes up a square foot of your desk, but can do some good shit.