A/D recording suggestions and tips anyone?


I plan to transfer some of my LP's to disc simply to hear the music and save the wear on the vinyl. I'm wondering about recorders, A/D converters, burners, cheapest way to do it, best way to do it, pitfalls and possible mod's to my turntable that might be required. I'd also like to know if there is a way to encode it for HDCD aside from the Euphonix Model 2 studio type processor that I'd guess sells for 50k.
acatnthehat
How about trying the ART Di/O? It has a A/D section? Available at fullcompass.com for $122 plus shipping.
Great advise. Other options are:

1)Sony's Cdr33 or 66: both have sbm encoding and is an
affordable alternative to spending big bucks.

2)Alessis Master link: This can record red book cd's as well as 16/20, 16/24 and 96/24. However, in order to do so use must use their machine. It used standard CD's as its source for data storage and is thus proprietary.
There's quite a few smart guys on here. I'll look into each and every suggestion. I'm in no big fat hurry as I've got to rebuild and hot-rod my TD125MK2 first. I've yet to find a web site specific to this turntable. Hard to believe considering its past popularity. Side Note. Got a call from the Euphonix rep about his Model 2 studio A/HDCD processor that does everything but chill your beer. 15k NIB...I was guessing much, much more considering everything you can do with it. Oh well, maybe for Christmas....thanks again.