For ease of use and quality of playback, I'd say that the tape has maybe had its day - thought the Sony professional recording Walkman is a good bit of kit, with Dobly B and C built in.
Go for a MiniDisc recorder - they are dropping in price (around œ200 in the UK stores) and give superb sound quality. They're limited by having a 74-minute maximum recording time (double that if you record in mono), but that's about the only drawback. Being digital the recordings never wear out (sony claims you can record up to a million times on one disc), and you can jump immediately to tracks, rename them, combine, edit...