I'm looking to record vocals, guitars, bass, acoustic guitars, and midi at home. I have studio experience as I've worked as an intern for 2 years in a decent studio across town. I've come up with some basic items to record 1 track at a time. Give me some feedback on this chain.

PC - 2.2ghz Core 2 Duo with 2 gigs ddr2 ram
Sound card - M-Audio Audiophile 192 (6 in's and out's total)
Monitors - KRK 5's with a 10 inch sub possibly
Preamp - Studio Projects VTB1 (DI, tube saturation, insert)
Compressor - RNC1773 (use as insert to VTB1 when needed)
Software - Cubase 3, Waves, Antares
Headphones - Sennheiser HD 280 Pro (tracking and mixing)
Monitor station - Behringer MON800 MiniMON (monitors level, headphones level, talk back)
Microphone - Studio Projects C1, SM57, SM58 (C1 for everything but guitar cabs)

Preamp into the card. Monitor station out of the card.
Monitors and headphones into the monitor station.
Compressor into the preamp.
Mic and Instruments into the preamp.
Midi keyboard into the card.

I think with something like this I should be able to have extreme flexibility with 1 track recording. Mainly for songwriting and arrangements before heading into the studio I work in, or doing mixing or overdubs. Give me some feedback on the items I've listed as I have done extensive research to come to these items for there huge performance to price ratios.