Yes, Audacity is a piece of shit but it can be worked with - and it's a free piece of shit! The reverb is a bitch but once you get the hang of it, it's not that big a deal. Also, there are an almost limitless number of plug-ins (you aren't limited to open source plugins or the ones that are built in - I have over 60 different reverb "units' and close to 200 other plugins). Yes, Audacity is a piece of shit but I like it (I also like that it's open source and that you're not supporting a big conglomerate like Sony. I've recorded close to 150 songs using it and everybody thinks they were cut to tape - exactly what I want. Free is not an issue with me (I don't buy software) so I can use pretty much anything. I have used ProTools, Cakewalk, Cool Edit, etc and I return with great frequency to Audacity. I'm used to it and it doesn't make your recordings sound digital and sterile (most of these programs cut too cleanly and you have to use a plugin to get it to sound dirty - cheating in my book). I also like CoolEdit for the fact that it doesn't cut stuuf to cleanly but it can be a beast to use sometimes. I'm fairly new to digital recording (still prefer my tape machines - I have a TEAC 2340 reel-to-reel from '73, a Tascam PortaStudio 4 track and a Yamaha 8 track - and they all still work perfectly) but I have done enough at this point to know what I like - and I like Audacity. The learning curve is way lower than with some of the other software.