You may know Jordan Rudess as the amazing keyboard player from Dream Theater, but soon you’ll know him as the head of his own iPad and iPhone development company.

The first app being released under Wizard Music is MorphWiz, an iPad specific app that gives users an incredible amount of options for creating music. The app is described as a “vertical grid based musical instrument that allows a whole new level of expressive control.”

I had a chance to speak with Jordan a couple of days ago about the new app to get an idea why he decided to enter the app business.

“Over the past year I’ve been very active with a lot of companies that make iPhone apps and I had a lot of fun,” said Rudess. “I liked being part of it, so I started my own business.”

What Rudess created is an app that is worthy of his name and talent as a musician, but also something that even a beginner can use. He gave me a tour of MorphWiz, and while I’m not a keyboard player, I could see how non-musicians could make some cool sounds.

Click on an image for a larger view.

MorphWiz includes a lot of audio and visual feedback. For instance, when you touch the screen, particle bursts show you where you have touched or dragged your finger. The visualizations are cool, but they also show things like when you are in tune, so there’s a practical reason for them too.

Rudess included nearly 75 patches in the app for users that want to get a feel for what he might use. All patches are editable and can be saved in the app. So you can use one of his, or create a new one yourself.

You can also record your sounds and record on multiple layers, allowing you a substantial number of sounds.

“I’m really proud of what we created,” said Rudess. “My hope is that the users really like it too.”

MorphWiz is for the iPad only right now, but Rudess said an iPhone version is in the works. MorphWiz is available from the App Store and costs $9.99.