Sound Recorder turn your computer into complete audio recording studio. You can record sound from internal or external source into MP3/OGG/ WMA/APE/WAV format sound file directly without costing any other disk space. WMA / MP3 Recorder allows you to record sound without running out of memory as long as there's enough disk space. With VOX feature program can become ideal solution for amateur radio operators(HAM Radio). You can decode any exotic audio file! Simple play this file and record it with our Sound Recorder to MP3,OGG,WMA,WAV or APE format. WMA / MP3 Recorder have simple and intuitive interface with transparency effects. Sound quality of the recordings remains excellent.
More info:
hxxp://www.abyssmedia.com/mp3recorder/index.shtml

What sources of the sound you may use with our MP3 Recorder?

Record Music to MP3/OGG/WMA/WAV/APE files from your cassette tape directly.
Record Singles to MP3/OGG/WMA/WAV/APE files from LP directly while playing.
Record Voice to MP3/OGG/WMA/WAV/APE files from MIC directly.
Record Sound to MP3/OGG/WMA/WAV/APE files from Internet Radio.
Record Tracks to MP3/OGG/WMA/WAV/APE files from CD audio directly while playing.
Record Sound to files from any other sound line in such as radio , TV , CD Player directly
Record Sound to files from any Multimedia software and games directly

(Screenshot)
hxxp://www.abyssmedia.com/mp3recorder/screen.gif

Really nice screenshot ;)