A newer version of Audacity is available.Or, Learn More About Audacity
Full user review
"Again, a excellent application"
Pretty much a benchmark for basic DAW work. Analog recording, editing, sound effects. Fairly flexible on types of sound effects plugins.
Beta versions can be a bit glitchy, but stable versions are flawless. Double-check the version vs. your OS for the most stable version.
For a beta version, it's excellent. I've used Audacity since Version 1.0 on the old Mac OS 9.2 until now and it's never disappointed me. It's not as flexible as Protools, but considering Protools is a couple of grand for a full version vs. Audacity (free) it's pretty darn good.