This movie shows OSC communication between Ableton Live and Modul8. I'm using some components from the mlrV4live package (post.monome.org/comments.php?DiscussionID=5431, watch this video for how to install the OSC folders in Live: vimeo.com/6015542
The Modul8 module I'm using is a modified version of OSC (global). The module reads the OSC messages from Live and translates them to Modul8 keywords and the other way around. This is just a proof of concept. If you think this module could be useful to you, leave your thoughts in the comments and I'll consider finishing and releasing the module.
The blog post here: themidithief.com/2011/01/ableton-live-modul8/
The music I'm using in the video are tracks from the song The Great Fashionista Swindle by Dada Life that I downloaded from dadalife.com