I LOVE my Fostex VF160ex, but it's better for "live" or whole band recordings. But a 16-track for $599 (I payed $400 of ebay) is absurd - it's a hella deal. I haven't done a ton of it, but I can extract individual tracks to CD, edit and modify them with PC software (hell Cool Edit Pro works just fine) and bring them right back into the mix. I've wanted the flexibilty this thing offers since I first started playing as a teenager.
Probably not what you'd want if it's just you layering with your PC, someone else could help you better on that end.
My tools for home recording: Behringer 24-track mixer (to mix down drums), Behringer DI box (to match and balance outputs off amps) and the Fostex to get it all on HardDisc. I use kick-ass Audix mics and a Shure PSM-200 wireless monitor to follow the mix and my vocals.
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