This recording and mixing environment for audio and MIDI provides an affordable solution for music production. You can record instrumental or vocal tracks while playing along with previously recorded tracks. You can also mix tracks, add audio effects, edit mistakes, and mix down each song to a single file. Use an unlimited number of audio and MIDI tracks and as many as 19 audio effects with support for VST and DirectX plug-ins, nondestructive audio editing, and unlimited undos. This application supports ASIO drivers.
More info:
hxxp://www.multitrackstudio.com/