Converting LP to digital. Advice please...


I am looking to archive some vinyl onto a hard drive that I can then transfer to CD. I would like to take it from line level output to a A/D convertor then store it on a computer hard drive. Then have a program that will allow me to take each LP side and dive the songs into individual tracks. Suggestions on a/d conversion and software would be appreicated greatly
128x128theo
Hockeydoodle, I checked out the ML 9600 - very neat item, as per the review in Stereophile " at 24/96 the masterlink delivered sound surprisingly close to the original LP " So are you recording at 24/96? I am using a Imac and want to set this up as a server and have a large collection of LP's I would like to record. Any other comments on the learning curve etc would be helpful.
I had read that if you are going to truncate down to 16 bits from a higher bit/sample rate, it is better to use 88.2, because the algorithm involved in going from 88.2 to 44.1 is simple and direct, whereas going from 96 to 44.1 is more likely to create errors. Any experience with this out there? btw, I don't know of any company that can beat the cost-effectiveness of M-audio converters.
I record at 24 bits with the ML-9600 in case I want to archive (stellar recordings) but make a redbook CD normally which is 16-bits. That is how CDDB can recognize the track titles, etc, since it is in redbook format. 96 or 88.1 sample rate doesn't seem to matter, up to user I think.
Note that in the gap since my last post I discovered ClickRepair software as well which works fantastic, now I burn CD-RW and clean up on the PC, then burn a final CD.
DAK 2800 PC is the cheapest way. For "Audiophile quality" transfers, it is necessary to rebuild it utilizeng premium capacitors. I used Nichicon capacitors with good results.
I have just started playing around using the Korg MR-2000S and I have experienced a friend who has the same machine too, against a top end TT and the Tape project. very very hard to distinguish the Korg recording playback from the original, when recorded in 2xDSD.