Audio and MP3 :
Tracktion 1.2
A fully-featured audio/midi workstation with a great user interface, supporting VST filters and synths, low-latency ASIO, DirectSound i/o, ReWire 2.0, lots of built-in effects including a sampler and pitch-shifter; unlimited tracks + freedom to mix sample rates and time-stetch audio, powerful project management features and archiving using FLAC and Ogg-Vorbis compression, integrated cd-ripper, and much more!
This software is a commercial software. You will be able to download and test Tracktion during a certain period of time, then, if it does what you need, you will have to acquire the full version. The trial version available for download on www.softandco.com has a size of 4000 KBytes. For additional information and support request, please contact directly Tracktion publisher.

Tracktion 1.2 was released by Raw Material Software ltd. on Tuesday 14 September 2004. Its known requirements are : Pentium 3, 500MHz or better.
Tracktion will run on Windows 98, Windows Me, Windows 2000 and Windows XP.