Does anyone here use Ableton Live Lite and the monome 40 together?
I've read that the Lite version has Midi remote control and sync
disabled.

Pardon my ignorance but would this pose any problems syncing both the
monome 40h and Live together?

I'm ready to buy ableton live but just can't afford the full version
yet. I can get student discount but can't afford that for some time
either. So I'm stuck with the option of getting the Lite version off
ebay or friends.

Any thoughts?

without midi remote you won't be able to map the 40h button presses to 
launch clips in live.

you would still be able to use things like steve's very awesome 
MonoChrome VST to send midi to instruments in live lite.

i have to admit though, that most of what people do with the 40h + live 
so far is simply recreating the functionality of mlr.

and that is because we are already live users and have years worth of 
song ideas, beats, melodies, effect setups, etc. in live. once you are 
hooked on using live it can be very tedious and time consuming to get 
your "stuff" out of live to use in something else like mlr.

if you cant afford live i wouldnt sweat it, spend your time learning mlr 
inside out and you will spend more time making music, and less time 
doing all the boring tedious stuff like duplicating live clips, moving 
start markers and midi mapping.

on the other hand, just triggering clips in live and having visual 
feedback can be pretty useful, without the mlr style follow.

i do give ableton respect for creating a really solid app. when more 
flexibility is introduced, it could be really amazing (with cycling74's 
help it seems).

Ableton live lite works well if you use MonoAbleMe, monomegrid, etc.
The lite version is quite limited but it works fine for most things.