On the FDP they have a Home Recording page which is pretty informative. However, a lot of the things they discuss involve recording equipment that is priced out of reach of the average guitarist. It will be cool if members of this forum are able to help each other keep it simple. I'm amazed at the sound quality and total lack of noise that digital recorders are capable of.
Where home digital recordering and the Internet will lead is anyone's guess, but I'm looking foward to it.
Any other opinions are welcome!