I've been doing it for about three months now, and here's the rig I've got.

A) Transient Noise Eliminator (It's a box that eliminates pops from analog signal, it's plugged in at the output of the turntable)

B) RCA L+R cables -> Stereo 1/8" jack

C) Turtle Beach Montego II Sound Card, Line In

D) Sound Forge for Recording in WAV, and Audiograbber for converting to MP3 (Make sure your settings for this are to 128 bitrate or higher, otherwise you really start to diminish the sound)

I'll record the entire side, and then in Sound Forge go through and cut out the individual tracks (so you can use the CD for selecting tracks, otherwise it's all one big track).

MP3's store smaller, so that's the way I keep 'em, and when I want to burn a CD, I'll convert the tracks I want back to WAV, and paste them in to one long session in Sound Forge. The reason I take this extra step is so Sound Forge can take all of the tracks, and trim them to a consistent volume level (useful when mixing different albums). I clip them back out, and use Adaptec's EZ-CD Creator Pro to lay out the Audio CD.

Voila! I now can share all my crazy New Wave obscurities with the rest of the world... :)

Domenico

P.S. , I meant "...crazy folk obscurities... " :)