For my editing needs it's my favorite and I know it, so to spend a rediculous amount on WaveLab is out of the question, especially if I end up displeased. Unfortunately, Audition has no support for DVD whatsoever, not even in v3, therefore I haven't upgraded. Between these tools and what is in AA 1.5, I'm confident I can produce outstanding results. For noise reduction I'll be using iZotope RX and a couple VST's from Wave Arts Master Restoration Suite. I also have Adobe Audition 1.5, which does virtually all my editing needs. I'm getting weary looking at various software options and simply want one difinitive choice and be done with it. I purchased an ESI 24/192 audio card for this purpose. Archiving analog, particularly from high quality LP sources is my goal.