"Best Audio Editing Software now known as Adobe Audition."
EditByBSEditor: Cool Edit Pro (now Adobe Audition) is a digital audio editor
computer program from Adobe Systems featuring both a multitrack, non-destructive mix/edit environment and a destructive-approach waveform editing view that has been referred to as the "Swiss army knife
" of digital audio. Originally, Cool Edit was a shareware program with some crippleware features. Adobe purchased the latest, non-shareware version (Cool Edit Pro 2.0) from Syntrillium Software in May 2003 including the ability to record and mix unlimited tracks (up to the capabilities of your PC) and a large loop library called "Loopology". They renamed it Adobe Audition and released it on August 18.

Features:
Create multitrack mixes with unlimited stereo tracks

Multichannel encoder to produce high-quality 5.1 surround sound

Record up to 80 live inputs simultaneously in a multitrack session.

Supported audio CD burning.

More than 5,000 included music loops.

Remove audio flaws with easy-to-use effects.

Can import from and export to a wide range of formats, including MP3, WAV, WMA Professional, AIFF, SND, Ogg Vorbis, AVI, WMV, and DV.

Comes with more than 50 high quality digital signal processing tools and effects suitable for everything from audio restoration to mixing and mastering.

Accepts third-party DX and VST plugins.

Projects may be linked between Audition, Adobe Premiere Pro, and Adobe After Effects. you can free download Cool Edit Pro 2.0 now.