All Sound Recorder XP - $23 http://www.deprice.com/allsoundrecorderxp.htm
All Sound Recorder XP automatically detects recording formats your sound card supports and then sets application's parameters for best possible performance.
With Sound Recorder feature, you can record life sound from any source like microphone, line-in device(such as cassette tape, radio ) or any other audio player program (like winamp, realplayer, realone player - rm file, windows media player, Quicktime and other applications),WebPages, Internet telephony conversation, and save it to mp3,wav,wma formats on fly.
Sound Editor feature makes this program more powerful and more easy to use. It can edit audio files as you wish by cutting, copying, pasting, trimming segments and employing various DSP effects.
When you create a new recording project, you may set recording properties like output formats (MP3,WMA,OGG,WAV), recording time length, normalizing value, output file name and full path, and more.