Lane, probably depends on how you're miking yourself and the guitar. TR certainly isn't a multitrack recorder in any sense, but, with a good microphone it'll faithfully record the sound you input to your computer (frankly, I think that the mic and sound card are probably the important things in determining sound quality). However, I have done some recording where I used TR to record individual tracks (vocals, different instruments, etc.) and then mixed the tracks together in a multi-track editor. I wasn't planning on making a CD for distribution out of this stuff, but I felt I got pretty good results.