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Lexicon Omega- any good?

My 14-yr-old son wants to record basic band-type stuff(bass, gtrs, keys, drums, vox)w/his laptop- a Samsung w/Audacity. The local music store has the Omega USB interface for $150- I have very limited experience w/OLD-school multitracking, effectively no knowledge of computer-based recording and am NOT great at grasping this stuff; is this a good direction? I have access to decent mics etc, and I'd like to stay around $100-150. Possible? Thank you for any and all input. :)
 
I've used my Omega to record my band's demos. Steinberg's CuBase LE4 was included when I bought my unit. Here's my impressions:

Omega hardware: very good quality, versatile (number of channels/inputs, etc.)

Omega drivers: Flakey. Somtimes reset their configurations from session to session. I have not had any latency issues, though.

Steinberg CuBase 4: powerful "free" version of this software. I don't use it often enough so I often need to "re-climb" the learning curve for each recording project (but that's a personal issue as opposed to a product issue).

When I did my research (3+ years ago) the Omega was the only under $250 solution that offered true 4-in/4-out capability without requiring FireWire.

Hope that helps.

-CB