Andy here from TNMC/Neverwas.... I have Cakewalk Guitar Tracks 8 track software studio on an HP pc with a good 24bit soundcard... really seems to make a lot of difference when recording (unless I'm just imagining things in my old age). I have only one mic, a Shure BG 1.0 which is okay, a Yamaha QY10 tone generator, an Atari 1040ste running Logic Notator and/or Breakthru 64, an old yamaha keyboard, a cheapie second hand acoustic and a cheapie second hand Gibson SG copy, a little BC Rich amp and, essential for pre-input into the pc, a Sony Mini Disc Player set on 'record/pause'. Does the trick indeed. I have a Fostex FD-4
4-track digital recorder with a 40gb HDD in fabulous condition which I never use and which I would love to sell to a good home, but nobody seems to want it. I also use a fair few software effects (in the software studio) and the Wave Editor that comes as part of the Nero Burning Suite. I have a fair range of headphones and various speaker setups to test-listen to my mixes with. Still, it doesn't always mean you'll get it right, though!