I'm in the process of setting my MAC up for the same. You will want at least a 2 free GIGs--I'm installing a hard drive to use as a scratch disc. That is, if you want to burn CD's to play on any CD player. MP3 files take up far less space, but you need a dedicated player, or rely on your computer to play them. Adaptec makes one of the most popular CD programs (Toast) and your CD-RW will probably come with a copy. I believe that Adaptec's (Jam comes with EQ's for cleaning up vinyl. There is a few shareware programs out there for converting from one format to another. Lastly, getting the sound to your computer is a challenge. I'm shopping for a good analog to digital PCI card because I don't trust the A/D converters on my MAC. If I get this finished in the next couple of weeks I'll post again. I know you'll get more (and probably better) postings, but I hope that this gets you started.