Reaper  is a powerful but sensible Windows application that lets you record, arrange, edit, and render multi-track waveform audio.

Main features:
– Supports ASIO, Kernel Streaming, WaveOut, and DirectSound for playback and recording
– Reads WAV, OGG, MP3 and MIDI files, records WAV and MIDI files
– Lets you arrange any number of items in any number of tracks
– Supports audio processing plug-ins (DirectX, VST, and Jesusonic) with automation
– Volume, pan controls and envelopes per track
– Multi-layer undo/redo support
– User creatable color themes
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http://www.filesonic.com/file/1595413204/CockosReaper.4.0.rar
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