Cakewalk's V-Studio 100 is a really fun product and I like both the simplicity and the quality. They have put together a complete production package that has recording, high quality vocal processing, along with a whole host of add-ons for instrumentation.
What really makes this nice is the compact, out of the box package that you can either interface with your computer and favorite DAW, or you can use it in the studio, in the garage, or on the road. It has everything you need!
The setup to interface with your computer is very easy and straightforward. Install some drivers, install the software and you are pretty much up and running. If you are new to some of the software, it may take a bit to get around, but the applications are truly worth it.
While some may balk at the price of $699 as being a bit steep, and for a struggling musician it may be, for the V-Studio 100 being a one-stop shop, I think it's worth it to not have to piece together a complete kit. If you are looking for a portable digital multi-track recorder/studio you can carry in one hand, then look no further than the V-Studio 100 from Calkwalk. I highly recommend this product.