I think the author of the front page of the renoise site should look up the definition of the word "literally" :-)
what’s with that? 
It looks fine to me. The word doesn’t have one stabil meaning. The way it is used here, it means “seemingly, but not really” (according to Webster’s), analogous to “virtually”: “in effect, although not in fact; for all practical puposes” (again according to Webster’s).
What things are “in effect” is in fact what matters for us as facts…