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There are many nhand held stereo recorders that can dfo this job. I used to use a minidisc recorder, but now you can record to all sorts of media in 24 bit.
Try digital village for ideas

You will not get a saleable recording, for this you need multiple mikes, time, and possibly several takes (soemtimes the first one is the best) but...

It will give you something to share amongst yourselves and it will be pretty obvious what needs more work




Bingo - If you have an iPhone, check out any of the stereo mics that plug in, like the BLUE Mikey. Alternatively, there are a bunch of stereo hand held recorders as noted above. Zoom kind of opened up this market, but now there are recorders from at least 5 different manufacturers all competing for this kind of business. Tascam (might be exiting this market), Sony, Zoom, Olympus, well - here's Sweetwater Music's offerings: http://www.sweetwater.com/c1006--Portable_Recorders/pn1

Note that there are now several companies making products for the iPhone which will do a great job. Make sure you don't have to use iTunes to get the files into other format, however.

Tascam makes an audio I/O device that works off of USB and will work off of the iPhone/iPad port as well - very cool that you can use it for this purpose, and use it with DAW software on a Mac or PC as well as an audio input device. http://www.sweetwater.com/store/detail/iU2/ $150!

-Scott