M-Audio Fast Track USB + Shure SM57 + Audacity setup?

[celtickrieg]

I recently ordered M-Audio Fast Track USB, I already have a Shure SM57 with the stand that came with it. I'm an avid user of Audacity, my favorite DAW.
The soundcard on my computer is IDT High Definition Audio CODEC (excuse the caps). The computer is a HP Desktop Windows 8.1; I use Audacity 2.0.6 (if upgrading is *needed*, I understand).

Here's my idea:
- Use M-Audio Fast Track USB to record the lead, rhythm and bass guitars through an amplifier, likely a Peavy (not sure of the model) and then into Audacity.
- Use M-Audio Fast Track USB to record the vocals via the XLR chord port on the device and then into Audacity.
- Use the Shure SM57 to record the drums via the XLR chord port on the device and then into Audacity.

This is my idea, and what I am using software version-wise as well as equipment-wise, and etc.
If any questions, please do ask. I will have the M-Audio Fast Track USB soon and am excited to test it. I guess I'm just curious as to:
- Will it work?
- Do I need a different soundcard, or will it be compatible with this setup?
- Do I need to do/configure anything specific that can be recommended aside from/around what's mentioned?
- Am I misunderstanding anything I'm trying to explain in my post?
- *How do you think the drums will sound? Again, it'd only be one mic, a Shure SM57; But it'd also be on a stand, and couple have a cover on it while recording the drums.

Any input/suggestions or words of insight as to how this will work or if this will even work would be greatly appreciated!


M-Audio Fast Track USB:
https://homerecording.com/bbs/attachment.php?attachmentid=91606&stc=1&d=1423654820
http://i.ebayimg.com/00/s/MTA3OFgxNjAw/z/7PMAAOSwxH1UIi-w/$_57.JPG

Shure SM57:
https://homerecording.com/bbs/attachment.php?attachmentid=91608&stc=1&d=1423654820

 

[BroKen_H]

-Yes, it will work. Take some playing around and figuring, but this is done all the time by lots of different people.
-The Fast track will become your sound card. You plug mikes and cables into the inputs and speakers into the outputs. So a different sound card would be fairly useless. You'll be amazed at how much better the sound is from the M-Audio vs your stock sound card. Just go ahead and disable the drivers to the stock sound card.
-check THIS ARTICLE @ SWEETWATER
-not that I can tell.
-MINIMALIST DRUM MIKING
Happy Recording

 

[ecc83]

Don't want to put a damper on things but I can never see the point of one-lung interfaces other than for podding?

I cannot easily find a price for the Fast track USB and a lot of firms have dropped it. I would have gone for the M-Track if cash was low.

Dave.

 

[BroKen_H]

Yup, one trick pony, one track at a time. Even the dreaded 2i2 would be a step up, but I was just answering his questions. I used an M-Audio Firewire Solo for a couple of years and it did everything I needed and I LOVED the drivers.
The MTrack Quad is only $200 at amazon right now and that's a pretty darned nice box. 4 in 4 out 4 insert, midi in/out, PLUS a usb hub and 96/24. Good bang for the buck if you're stuck on M-Audio. Still like our fave NI KA6 for only $30 more, though.