This is a really simple, bare bones, FREE multitracking program with solid editing features... I have it, sometimes its nice to do simple work in a simple environment. Its also not much of a CPU or RAM hog for slow systems.
I used to use this just for recording my vocals, as well as converting my .wav files to MP3. Recently, I learned about importing raw data, and I've been able to make some great glitch sounds, and even some sounds for noise music. Try it sometime if you're into those kind of sounds.
I know this is primarily a music website, but I feel the need to point out this software. I used to use it for recording my vocals, and then I would export them into Fruity Loops. However, now my vocals are recorded in Fruity Loops itself. However, I still find use in Audacity, just not for my music. I often use it for recording my lines when I do my voice acting, and adding various effects before I export it into Cool Edit Pro for editing. So, yes, this is very good for audio editing and recording, but not really that much else.
For quick audio sampling and sample stretching, this little piece of freeware cannot be beat, you can easily add new plugins and it's factory defaults are pretty comprehensive. People who have used more comprehensive (read: expensive) software suites will think that it's cheap and useless, but this isn't directed toward professionals.
Yes, it's the butt of every producing joke that doesn't involve DubTurbo. But it can do some crazy things with samples, and with VST effect support you can do some crazy things with it. I've made tunes entirely out of a sine wave and stock effects, and while it certainly isn't practical or professional quality it's worth having to play around with stuff or at the very least convert your WAVs to FLAC.
Its good considering its free, but its essentially garbage for music production, but then its not necessarily built for that sort of purpose. If you want to tweak with a song, or make samples this is good, but tbh after you've got used to ableton or Cubase theres no going back really.
For a free program, it's great. Basically capable of meeting any audio editing needs, and then some. However, I really dislike actually using it, I find the interface somehow counter-intuitive. I guess it's just that I'm still used to SoundForge; I love SoundForge, and dislike Audacity, but I use Audacity because I don't want to buy Sony software.
I absolutely love this program. Audacity has allowed me to do so many things with audio, ranging from simple audio bit-rate conversion to complete audio manipulation on the fly. It is definitely a must-get!
I've been using Audacity for years. It's not only totally free, but it has all functions a good audio editor should have, plus many more. Also, it's easy to use, and until this very day it ran on every Windows OS I used without any troubles.