[quote name='Skol303' post='1043542' date='Dec 1 2010, 11:13 AM']I'm a bedroom studio geek, and for me the best software for home audio recording, at least in terms of value for money, is Propellerhead's Record:
[url="http://www.propellerheads.se/products/record/"]http://www.propellerheads.se/products/record/[/url]
Costs about £160, but does absolutely everything you'd ever want and is 100% stable: seriously, come the apocalypse, there'll be a computer somewhere, still happily running Record (along with a TV playing re-runs of Friends on E4... but I digress).
If you're interested in writing your own songs, or producing 'saleable' quality recordings of a band, then I recommend checking it out. You can download a demo for free, which let's you play with the software without being able to save your work - frustrating, but you can have it running all day if you like and get a feel for it.[/quote]
Me too... 51m0n just beat me to it
Reaper is a DAW that can produce pro quality recordings, is as stable and versatile as you described - unlimited tracks, unlimited VST/i's, PC and Mac compatible, MIDI capable etc,etc,etc.... It comes as an unexpiring,uncrippled demo that lets you register for $40 ( it's on offer atm) when you want - all in a 4.9mb download.
I like it so much I paid for it!