Cubase with many VSTs loaded for the Guitar (RealStrat), bass pedal (Moog Taurus vst), drums and bass.
Sampled the Drum Machine from the first two measures of the studio version CD.
Sampled Phil's voice (with voice extractor) from The Way We Walk live DVD.
The rest is played by the M50's sounds: a synth strings pad, a layer of brass and strings for the left hand, a layer of brass and hammond organ for the right lower and switching the strings for the mini lead patch for the solo. Still can't get the Wavestation mini lead patch right, but this one is very close. I can live with it so far.
Patches will be available very soon in KorgFans's download section.
Comments are welcomed.

http://www.youtube.com/watch?v=A9T0MdnKb2E
EDIT: I deleted the original, the one with bad sound. So I updated the link here.