Re Audio-Technica mentioned above:

Well, it claims to take care of clicking, hissing, etc. Don't know about the warp issue - or if it really does any of this in real life:

"Special features: DeClicker (removes clicks, pops, and crackles); DeNoiser (cleans hiss and hum)".

I have a good sound card which will do a lot of the recording/editing (but it won't split up the tracks, which is a feature I really want.) However, my stereo is in another room from the PC, and I'd need to run a cable of at least 35 feet. There's no place to just leave that lying around, so I'd have to set it up each time I was going to use this. I'd thought about various ways to do this (including getting a laptop and just bringing the computer over to the stereo!) but getting a separate dedicated turntable to put next to the computer seemed like the easiest solution in my particular case. Having everything come in one package for about $100 would be great… if it really works. (There's always that catch...)

Zhenya