[carlone]

Guys you set your start time exactly as you do now in pro tools. Based on a SMPTE start number.

You can still sync offset as you always could.

You can still set pro tools LE up to receive MTC via whatever port your midi interface is connected to or you can you the midi interface that is on the 001 interface to connect something that sends MTC directly to.
Also you can still send or generate MTC from pro tools LE.

You can still nudge by seconds or bars and beats no feet and frames. But 1 of the new things is that you can type in whatever nudge amount you want - like 1.000 seconds or 0.34 tenths of a second or what ever you want.
People doing video could figure out what they want their nudge factor to be and still spot audio and I know it's not the same but there is a way around it.
By the way, if you record some audio using the 001 and PT LE and you transfer it to a studio that has a TDM system and PT 5.0 the timestamp will then show feet and frames.In other words it's always timestamping for everything but in LE it's only showing you min/seconds and bars/beats.