I also have a Zoom H2 which I'm happy with and accompanies me most places and have posted various things to other threads on mudcat already. Mine was £135ish but it's obviously significantly more than £40 so budget comes in! I use Reaper or Audacity to tinker with them if I need to. Easy to use. Screen is small and they are quite lightweight in construction but no problem so far - and I have dropped it once just to check if it bounces and it did.