Sound Forge 5.0 is the latest installment from Sonic Fountry.
Sound Forge is the award-winning two-track digital audio editor which includes a powerful set of audio processes, tools, and effects for audio editing, audio recording, effects processing and media encoding.
It also has built-in support for video and CD burning and saves to a number of audio and video file formats, including WAV, WMA, RM, AVI, and MP3.