"GoldWave" : Good for recording LPs to CD?

I'll be buying a Sony Vaio PC shortly and would like to use it to record my LPs and cassettes onto CDs. I checked out the "GoldWave" website which appears promising, but I'd like to know if any of you have personal experience with this or similar software. From what I've read, you can send your pre-amped turntable or cassette-out signals straight into your computer. I like this straight forward approach, but are there other considerations/computer requirements I should be aware of? Thank you for your suggestions.