It's great if you're new to recording software... actually, I'm currently using GT Pro, and I think it's a great deal for the price. It's intuitive with a simple layout... if you've used a Portastudio, you can use this easilly.
Add a nice wav editor like
Sound Forge and it's a great tool. I futzed with some other software (Sonar, Cubase) and I'm not recording albums here; I really don't need all of those complex extras.
-Ben