This should scratch your itch - http://www.download.com/AV-Music-Mor...ml?tag=lst-3-5 - its free, and it seems to be very feature-rich.

Hope it helps

I for one just use the sounder recorder which comes standard with Windows, It
creates a respectable .wav file and you can alter the quality and format settings within the windows recoder after you record to various formats by doing a format conversion of the recorded file - at least I have been able to do so with the one loaded with XP.

Audacity is also pretty handy http://audacity.sourceforge.net/windows.php

A friend gave me a working full featured edition of LP Recorder and I've used it for a few years ... but you do have to buy the program to use all the best features ...

Yes, I agree, using windows for recording is a waste of time! There are a number of sufficient software on the market, and freeware as well. I use MP3 Recorder Studio. I use it for recording on-line conferences, the records sound very professionally.