In followup to my original post,
MediaJukebox v8.0 Free can record analog audio and encode in restricted MP3 format. Both features are available in the FREE versoin according to
this comparison Note, MediaJukebox is different than MusicMatch Jukebox.
I have used MediaJukebox to record my own MP3s without paying a dime. I used the "external encoder" option, to avoid the 'restricted mp3' encoding. I downloaded
BladeEnc for Windows and pointed MediaJukebox to use this external encoder (with all defaults).
- rp