Convert tapes or vinyl, convert text to speech, rip CDs, and more, with Free Audio Editor
Free Audio Editor lets you make and edit voice and other audio recordings. You can cut, copy and paste parts of recording and, if required, add effects like echo, amplification and noise reduction.
It is designed to be easy to use, but if you take time to explore more features you will find powerful tools designed with the professional sound engineer in mind. It’s interface is similar to Office 2007. There is also a “Master’s” Edition, which is not free.
Features: Timer and input level triggered recording for converting cassettes or vinyl discs; Real-time effect preview; Apply effects to all selected files; CD ripper with cddb music database lookup; Text-to-speech; bookmark and region manager; edit audio files visually; supports a number of file formats including wav (multiple codecs), mp3, wma, ogg.
Note that the free version saves only in wav format. Prefer Audacity or WavePad, if you want to save directly in MP3 format.