I'd like to address some of the comments made by the gentleman above. I'm sure he's being honest about his experience, but I've done things very similar to his and recieved great results. I have a bunch of old records and tapes that I wanted to update to MP3 since I dont really use records and tapes and Music Match worked beutifully. However, there are a few things you have to know to make it work. First, to get any kind of decent sound, you must have an amplifier hooked up between your record player or whatever your source is and the computer. This solved all of the problems I experienced before I did this. The other thing is that under the recording settings you have to have the recording quality set... I use 160 kbps. If you have it set at 96 kbps or below, music will distort. For speech I use 64 kbps.
Overall, this is wonderful software and I highly recommend it for all your music needs.