I picked up one of these about a fortnight ago:
http://www.novationmusic.com/products/audio_interface/nio_2_4Here's a quick run down on me, and my thoughts on recording - and how this little gadget fits into things:
1. I am VERY impatient.
2. I hate complicated things; I just want to plug and play.
3. I get really pissed at things that have obvious, simple, flaws (e.g. metronome output too low when you are tracking)
I'm happy to say that the Novation NIO fits nicely into my thoughts on what home recording should be. It's dead simple. I plug the guitar in, flick the input switch to 'guitar', check to see if the signal clips by looking at the LED display on the unit, flick the output switch to monitor, set the monitor mix levels using the onboard dial, hit record, and go!
If I put a mic in, I flick the input switch to 'mic', and turn phantom power on. It will still run happily off USB with the phantom power (no plugs required).
The sounds are good; I'm currently using the onboard modellers. They aren't comparable with my 1980's JCM800 - but nor do they weigh a tonne or require a quality room with natural reverb. At the end of the day, if I'm recording in my room I just want something I can go to real quick, and get some ideas down. I've been fortunate enough to record in pro studios, and they are incredible. But I will leave that to when I get signed and the company is footing the bill! This set up works perfectly for my audio 'notepad'.
Currently recording through REAPER (great programme IMO); I'm looking at investing in a Guitar Rig set up and buying EZDrummer. I've just bought an IKEA desk for £15 on Gumtree - turned up halfway through writing this actually - and have an SM58 borrowed from a mate. Possibly going to invest in a Novation SL unit for MIDI/VSTi functionality (again, the NIO acts as your MIDI interface too). Just a matter of saving up.
All in all, I'm running a wicked set up - perfect for what I do - and its cost very little to get together. Its not comparable with pro/analogue set ups, but then I don't have the natural acoustics in my house regardless of if I spent £20k setting up a professional setup.
I have nothing bad to say about this set up, and it has restored my faith in PC DAW's...I had SO much scepticism because I had had so many bad experiences in the past (settings randomly changing etc); but this is so simple and so good...couldn't be happier.
Any questions feel free to ask...