It's not a simple process, but here's what I did. I downloaded a freeware program called Audiograbber that I used to cnvert the analog feed from my preamp to digital on my PC.
http://www.tucows.com/preview/193549.html
I also bought an external sound card-type device called a Power Wave (made by Griffin Technology) which is a much higher quality device [than a typical sound card] that allowed me to use my laptop which I could place close to my preamp.
http://www.griffintechnology.com/products/powerwave/
The Power Wave connects to a PC via a high speed USB2 port. I then recorded the LP on my hard drive using the Audiograbber software. The resulting files are in the .wav format. The program even allows you to split the tracks. Again, this is not a simple task. In fact, it is quite time consuming since there is a lot of trial and error involved. Often times the software will screw up the splitting of tracks, so you sometimes have to start over and manually split the tracks. There is definitely a learning curve here, so, once you get the hang of it, things go smoother.
After recording the LP to the hard drive, I then burned would burn it to a CD. Lastly, I would rip the CD to AAC using iTunes. The sound is quite good, so if you really have an LP you love, it's worth the hassel getting it to the iPod.
Cheers!!
