Rip LP's to Digital


Hello all ! I'm considering recording my LP's to my PC so that I can listen to them on either CD or iPod.

I've read about 2 programs a lot of people seem to like, namely "Vinyl Studio" and "Izotop" for completing the task but I'm unsure about the hardware.

I have a Dell E520 with Win XP and 2GB of RAM I'd like to use for the project although I could use my Macbook with an external HD if need be.

Most of the other posts I've read here are older so has anyone done this recently and without spending thousands of $ on hardware ??

Thanks,
Brian
gorquin
Buconero, after trying LP conversion the used CD approach is what i have taken. Download a used CD copy on my computer used the CD in my car, or better yet, make playlists and burn them for my car. Far less time consuming.
Yes there are opinions on both sides of the fence on this.
Some say ripping an LP to software allows one to eliminate pops, clicks, hum and preserve dynamics not heard on a CD because of compression etc. while others say a remastered CD of old material will outperform an lP transfer.

The problem is that some LP's I have were never released on CD.

Thank you for the suggestions so far.
I have a box made by Xitel that goes from tape out to usb.
It comes with software.

There are probably others.