Corwyn said:
MetaMagic Feats change the level of the spell when memorized/prepared so when using a metamagic Feat, the spell would be considered one level (or more accordingly) higher in level for determing how many spells of a given level can be prepared. In other words, it doesn't affect how they work at all.
You still have to prepare spells, but now you do not lose them after casting, AND this allows you to prepare more spells and give you greater versatility. Since the metamagic effects are applied when the caster prepares the spell, my system won't change that since it does not change that particular portion of the process.
