iMagic Audio Editor is an advanced and powerful, full-featured digital audio editor. You can use it to record your own music, voice or other audio information, edit it, apply different effects, mix it with other audio or musical parts, add effects like Reverb, Chorus, Echo and many others, create MP3s and other compressed audio. iMagic Audio Editor supports all major audio file formats. The program can be expanded through DirectX plug-ins.

iMagic Audio Editor Main Features:

Powerful editing features. iMagic Audio Editor provides a a lot of audio effects and processes. It includes editing features including: Cut, Paste, Move, Delete, Fade in/Out , Crossfade, Vibrato, Delay, Normalize, Fade, Flanger, Amplify, Invert, Insert Silence, and more.
Amazing effects. Band Pass Filter, High Pass Filter, Low Pass Filter, High Shelf Filter, Low Shelf Filter, FFTFilter and more.
Support for many file formats. iMagic Audio Editor supports a wide range of audio formats, such as WAV, Windows Media Audio, Ogg Vorbis, Audio Tracks, Dialogic VOX, and MP3. It's the simplest, multi-format solution available.
Ease of use. iMagic Audio Editor provides a customizable interface, allowing you to build projects the way you want. It also supports standard Windows keyboard commands and mouse shortcuts.
Record audio. iMagic Audio Editor can record audio and save your work in any format you like!
Markers. Use markers in your audio file to quickly select between different selections!
There's much more, of course...and it's only for $29.95!
The following audio formats are supported:

Uncompressed WAV PCM,
Compressed WAV (ADPCM, GSM, DSP, A-LAW, U-LAW and others),
MP3 (MPEG2 Layer-3), MP2 (MPEG2 Layer-2), MPC (MusicPack),
OGG (Ogg Vorbis),
WMA (Windows Media Audio),
CDA (Audio CD Tracks),
RAW (PCM, A-LAW, U-LAW),
VOX (Dialogic ADPCM),
G.721, G.723, G.726,