Record with it? BIAB is not a DAW. It's an auto arrangement program - a tool for helping you put tracks together easily. It works great, if you know what you're doing and know a few program tricks. You will still need a DAW, such as Sonar, Pro Tools, Cubase, or even PowerTracks to track and mix your final product.

Second, home recording is not the same as recording a band in a pro studio. From what I can tell, you just don't like the idea of solo home recording in general. Well fine, go rent a studio and hire a band. I'm not going to prove to you that BIAB will make you sound just like Eric Clapton live, because that's probably not going to happen (unless you're Eric Clapton or have incredible talent). The final product will only sound as good as you make it sound.

But, IMO, you're not going to find a better, more affordable solution for creating studio tracks quickly and easily than BIAB.