thanks for all the replies.
i did this recording, not surprisingly, with limited budget and in my bedroom.
for those that have been waiting for a magical tip about drum recordings, it would be this. buy BFD, record to a click track and figure out how to sequence believable drum parts with midi.
this wasn't a song i wrote, but a song from an album i arranged recorded and produced. if you liked the tune and want to check out more of that stuff, the guy that wrote it is Etan Ofrane.
http://www.etanofrane.com the whole album is up there if you like.
i also didn't do the guitar solo - someone else did, a great blues player, but i agree it might be a touch to much. as for what i did - piano, bass (which both came from Sampletank), drums (all sequenced/recorded with midi), acoustic and electric rhythm parts.
i don't have a great mic or mic preamp or converters to speak of, except for what came with my Mbox.
as for my background - i am getting a masters in music technology at new york university, but don't let the title fool you. its a masters from an academic university - not a recording/trade school. for undergraduates, you could pursue a bachelors in audio engineering, but the masters is research based and is geared towards other things in the field of music technology - acoustics, computer and software synthesis, sound design, interactive music, film composition, and a little bit of recording if that's what your interested in. but a masters in music tech isnt going to make your home recordings any better (unless you plan on recording crazy avant garde electronica or conceptual music). that just takes time, practice, critical listening, and some decent equipment. keep in mind i did my recording with software, a 2 channel converter and 2 mics.