Lord no. For some mysterious reason, Apple took out much of the podcasting functionality found in Garageband 5-6.x and doubled-down on the music capabilities. From what I hear, it is wonderful for musicians, but from learning the hard way (i.e., hours of wasted time) it sucks big-time for podcasters. Do not upgrade. If you do, you can still run both versions (Google it, not sure how exactly), but do your podcasting on the earlier version.
Perhaps someday Apple will take us podcasters seriously again. Until then, I am going to continue to partly like it's 2010.Bo Bennett, PhD Social Scientist, Business Consultant