Right on! I'm running a little less on RAM than you are, this is what I'm a a bit worried about. But I think it should be solid.
X2 Dual Core 3800+, 3GB of RAM, 32 bit Windows 7.
I think I'm gonna go with a Line 6 and just 1 XLR mic, maybe buy another mic in the future. Btw, the Line 6 looks...