WinAudio Recorder is a powerful tool that lets you record sound with CD quality from external and internal sources.
Internally, WinAudio Recorder lets you record all the sounds your sound card captures (from audio, a game, a video, a player, etc). Externally, you can record from microphones and other audio entry devices.
First and foremost, it will be interesting to have all types of recordings in different formats in CD quality, like your old LPs for example. For WinAudio Recorder to work correctly you need a full duplex sound card and DirectX 6.1 or later.