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If you plan on recording guitar and mic the imic limits you. it is indeed cheap. i personally would recomend the M-Audio Fasttrack it is $99 but it has 1/4 input and mic inputs. it also has a headphone out so u can monitor your music using that and not bogging down your system. it also had RCA jacks for monitoring. While ibelive the iMic has only 1/8th inch input
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