Well I'm only planning to just record my voice and some acoustic guitar. And maybe someday multi-track my band. Is acid good enough or can i get something better?
try the latest SONY ACID PRO. i've been a fan of this software since the beginning (actually, it was sonic foundry acid before. sony bought it). although SONAR have it, it's still easier for me to use acid in terms of loops. the latest acid both have audio and midi record capabilities, multi i/o too.
you can also try ABLETON LIVE, grab an old elvis track, morph each bar and voila!! instant old recording in PERFECT TIME, ready for remixing. be it techno elvis, hiphop elvis or disco elvis.
your on bro. seriously, this is another great software.