I've participated in recording sessions done in a living room live to 2 track analogue tape, or to DAT. I've also done sessions in studios. We've released a lot of it on CD. The sound quality is good, I'd stand by any of the performances. The key to all this was someone else tweaking the knobs, so that we could play. I bought a home multi-track unit a couple years back. It was easy to use, but it mostly collects dust at the house. I figured I didn't have a patience to try playing something with the mic in one position, than play it again with the mic moved two inches further, or closer, to figure out where the best placement was. I've met some people who already figured that out. Like Ron, I've heard some self-recorded things that sound great. But that's not a skill I have currently. I wouldn't tell anyone they were wrong for taking the home recording approach, but you do have to make sure the sound quality is good. I can handle ragged but right, but don't have a whole lot of patience with ragged but ragged.