This is a comprehensive package for anyone wishing to convert vinyl or tape recordings to digital format. Of course, you need your own record deck or tape player, but everything else is provided.
You get a pair of phono (RCA) leads to connect your player to the supplied pre-amp unit and a lead from there to a line-in socket (aux/CD/etc - not microphone) on your PC. The pre-amp unit comes with a 9V battery to power it, but you can use a mains adapter instead. There is a very helpful printed manual and, of course, software to handle all aspects of conversion.
The software imports and `cleans' your recordings of noise from damaged discs/tapes, hiss, distortion, etc., saving them in any of a wide range of audio formats, not just mp3. Volumes can be balanced and various effects added. Finally, your new digital recordings can be burned to music or data CDs.
You can also use the software to import existing digital recordings and process them in the same way as vinyl and tape recordings.
Does it work? Yes! And it's easy to use. As well as cleaning the sound, it detects breaks between tracks and automatically creates individual digital tracks. It even enables you to carry out basic editing, like trimming long silences at the start and end of tracks. There are some quite sophisticated editing options in there too, but, at a guess, few people will ever use them.
Overall, I'd certainly recommend this package. I can't compare it with anything else, but it did everything I wanted and more.