Cakewalk Pyro Audio Creator
There's no easier-to-use or more complete consumer-level audio recording, ripping, editing and burning suite on the market than Cakewalk's pyro Audio Creator 1.5. A lot of what it covers is available in freebies, but I was impressed by the intuitive audio editor/recorder that includes a number of pro-level plugins for processing your audio. It's easier to use than Audacity and the Izotope-powered noise reduction is very effective for the price.
Note: This link takes you to the vendor's site, where you must select your country to download the latest version of the software.
--Jon L. Jacobi