Need advice/info on: vinyl to PC and more

[nork]

This is rather long winded but if I don’t explain myself I would waste a lot more of your time posting, so please bear with me. In addition, hopefully some or all of the info gathered here would help other readers out too!

I’m putting together a pc setup that will hopefully be a multimedia wonder, lol. First I want to move some rare and precious (maybe only to me) tunes from records and cd’s to mp3, but I want to end up with a true multimedia setup.

I have put together: Win xp pro, ECS K7VTA3 v 8.0 mobo, athlon xp 2400 cpu, 512 mb ram, 40 g hd, onboard audio and usb2.0, cheap, older video card. I have a few usb external boxes, will use for storage and backup. Imagine I should be adding in another 512 mb ram and a video and sound upgrade are in order? I only have a cd burner on it but I have a dvd burner on my main pc and will be moving the dvd burner over to this unit.
I also have the ADS instant music RDX-150 here: http://www.adstech.com/products/RDX-...sp?pid=RDX-150, comes with Nero Audio Suite and Nero Photoshow. I don’t know if they are limited versions or full versions, does anyone know?
I have an older, good quality Sansui (yes, the Sansui 8 even, lol) stereo system, record player, cassette deck. I have read that with an older system it will have a pre-amp in it so I will be good to go in that department?
I have a few sets of good to very good speakers and a few different creative pci audio cards, I have the orig live drive, think I have a live drive 2, and I have an audigy card as well, and a few better video cards so I have to get back on that.
All I have done is build the pc as above and pair it to a 17 in crt monitor and boot up.

What I would like from you guys/gals is your input on how I should set this up for what I want to do now, changing lp and cassette music to mp3 format. What might I need that is missing for now and for the future, in the way of both hardware and software, what to do and what not to do. As stated above, I want to end up with a fairly true multimedia setup. I have bought some software, kind of in anticipation of doing this down the road, Pinnacle suite 9.3 for one, and I have more and can get my hands on just about any software I need, so just let me know what is best for me to use. I only want to get decent sounding music and decent looking video, doesn’t have to be professional quality, but I would like to have a few options as well, so go ahead with that part.
All info is welcome. Even if I don’t use it, someone else may!
As for my abilities and such. I have more know-how with hardware than software, I would say that overall I would be in the mid-range of abilities and know-how. If you want to give me info that you cant post please email me.
Thanks in advance.

[SonicVanguard]

Everything you'd ever want to know on recording from your old LPs: http://www.delback.co.uk/lp-cdr.htm

[nork]

Thanks, i will give it a read.