Audacity is working very well for me for digitizing LPs -- and it's free. I just connected the Line Out from the stereo to Line In on the sound card in "Ceol" (Gaelic for "Music"), the Win98 computer that lives in the stereo bookcase.
(I needed to use Win98 on the machine, a 550 MHz box, because Win2K was too heavyweight, causing the digitized MP3 to have gaps.)
The three biggest difficulties with Audacity are:
- its documentation (true for most Open Source Software)
- getting the right initial settings (I found there is almost nothing one needs to touch)
- learning how to label tracks (and especially change the label if you make an error!)
It's a really powerful tool, but once it's set up and you know how to do the basic operations, anyone could do it.
Thanks for the link, Sion! :)
I suppose there is a special connecter for the headphone plug?