Edit audio files visually; Record audio from a microphone or any other available input device; Apply various effects; Burn audio CDs from MP3, WMA, WAV, and OGG; All in one program, simple and intuitive – FAE (free audio editor).

10 fundamental reasons for using Free Audio Editor

* Powerful audio recording feature
* Edit audio files visually
* Apply various effects easily
* Powerful noise reduction tool
* Easy to use interface will get you started editing in just minutes
* Real-time effect preview is supported
* Easy to use bookmark and region manager
* Supports a number of file formats including wav (multiple codecs), mp3, wma, ogg and many more.
* Burn your sound files to CD
* Tools include speech synthesis (text-to-speech)
* Completely Free!

foobar2000 is an advanced freeware audio player for the Windows platform. Some of the basic features include full unicode support, ReplayGain support and native support for several popular audio formats.

Small and powerfull audio player for windows, Some of the basic features include full unicode support, ReplayGain support and native support for several popular audio formats.

new features :

-New context menu structure – better out-of-the-box layout but less customizable.
-Built-in support for Windows Media and RTSP streaming.
-“Edit” menu operates on the currently selected object rather than always on the active playlist.
-Improved compatibility with multimedia keyboards.
-Improved, more customizable album art support.
-Portable installs now remember Media Library paths relatively to the install folder.
-Reworked Preferences: OK/Cancel/Apply buttons, new layout of standard pages.
-New options regarding selection viewer behavior.
-Default User Interface: new pseudo color code system for status bar and playlist view.
-CD ripping improvements:
- Results can be now checked against the AccurateRip database on-the-fly.
-CD-TEXT reading support.
-Ability to choose individual tracks to rip in the “Rip Audio CD” dialog.

Looking for powerfull media converter ? try Quick Media Converter , it’s free and come with complete video and audio conversion software. Converts to and from most formats including but not restricted to:

Video
flv, avi, divx, xvid, mpeg4, ipod, iphone, psp, 3GP, 3G2, AVI, DIVX, XVID, TS, DVD, VCD, MPEG, Mpeg2, Mpeg4, mp4, vob, mov, h264, h263, wmv.zunemkv, swf, Iphone
Thumbnail capture as converting video according to the time you set
conversion for video games consoles
Xbox XBox 360,Wii, PSP , PS3,Nintendo DS

Audio
MP3,WAV,amr,m4a, ,wma,ogg,zune
record videos in or take pictures from your Web cam or DV Cam flux ,in avi divx format and then convert it to any format you want.
Batch Conversions are supported
Contains its own codecs no need for Addons
Has its own multi format media player (ffplay)
Based on FFmpeg open source code
there is no need to install extra codec packs
Includes screen activity and audio recorder (Camstudio) for demos and tutorials in avi.