I bought a MobilePreUSB preamp off ebay and it came with Live Lite 4 as well as a demo version of Cool Edit Pro. If anyone remembers my post in the budget forum, I'm just starting out, trying to record my friend's small band's first album so it doesn't have to be anything spectacular. Is Live Lite 4 good enough for what I want to do? Also I bought a pair of Shure SM57 mics, do I need to buy a XLR connector in order to plug them in? Or can I just plug a guitar directly into the preamp? I guess that's all the questions for now, I'm sure I'll have more once I get these answered, thanks.