I was all set to recommend GoldWave, but BanjoRay beat me to it.

I've had good success with GoldWave, and I was in the process of using it to produce a CD until I decided my microphone wasn't up to it and my recording ambience at home was lousy, and about that time learned of a small recording operation called, appropriately enough, "Cheap Tracks" here in Indianapolis. They charge $25 per hour for either studio or post-production time. That's the way I'm going, but I still have high regard for GoldWave.

Dave Oesterreich