I've been doing records and tapes for a while now.. just as described above.......Cool Edit is great for that... although i've just found another new device that is quite cool and helps with the process......

Creative Nomad Jukebox.... It's about the size of a portable CDplayer, mine has a 6gb hard drive in it.. new ones have a 20gb drive.... it has a line input into the record... set up the record, push play on your tape or start the record and voila!.. your music is transfered to digital format... .wav... (the player will record 8+hours of music in .wav format).. THEN..... you can tranfer it all to your computer via USB port and use something like Cool Edit to separate/sort/trim etc.......

quite a cool little gizmo.... i use it also for recording the band at live gigs... use the Tape out from the soundboard directly to the jukebox, then edit on the computer.....

musicman