Edit audio files visually; Record audio from a microphone or any other available input device; Apply various effects; Burn audio CDs from MP3, WMA, WAV, and OGG; All in one program, simple and intuitive FAE (free audio editor).


Futures:
Powerful audio recording feature
Edit audio files visually
Apply various effects easily
Powerful noise reduction tool
Easy to use interface will get you started editing
in just minutes
Real time effect preview is supported
Easy to use bookmark and region manager
Supports a number of file formats including wav
(multiple codecs), mp3, wma, ogg and many more.
Burn your sound files to CD
Tools include speech synthesis (text to speech)
Completely Free

Home page http://www.free audio editor.com/