Im just starting up myself and have been doing alot of research.
Im pretty positive that Im going to be going w/ the Presonus FireBox which you can get for around 300 bucks and comes w/ cubase le.
Im thinking of getting the Presonus FireBox recording bundle from Musicians friend:
The FireBox will do the same thing and that pack's a good value, so that may be a better route for you. Just wanted to let you know of some others. Go to musiciansfriend.com, and check out Recording--->Computer Hardware, or just click here. Those are a bunch of choices you have.