I am not familiar with the hardware, but 12-input, 24 x 16 tracks sounds like enough to cover all but the most over-mic-ed bands!  Of course Pro Tools is an excellent tool, if you can afford it.  I have heard enough Pro-Tools-done music to know it sounds great, but personally I would rather record 'live' than cut and paste, etc.

Thanks for the comments on WotM.  The guitar is just my old (73) Epiphone with a Shure SM57 mic - pointing down towards the sound hole on 2 tracks and more towards the neck on 2.  All input f/x turned off on the recorder.  Plain and simple recording, how can you beat it?  

Added:

 I did EQ the guitars just a little on the mix-down.

Can't quite afford Pro Tools at the moment.  Alas.

Of course, I prefer live recording rather than pasting a phrase over and over.  It's more of the exactness of a cut that I like.  For example:  recently recorded Tom Petty's Running Down A Dream.  Unfortunately, between a couple of lines in the chorus, I coughed on an otherwise "flawless" take.  I would really like to save the track, but it happens too quick to set the in and out points to silence it.  With wave editing, I could "see" the cough and isolate it, without harming the rest of the vocal.  This type of editing is also good for setting up points for punching or entry points.

I remeber seeing a picture of your Epiphone once.  I love the sound of an old Epiphone.  Mine's a "Bard" from 68 or 69, somewhere around there anyway.  Big ol' dreadnaught style.  The only problem with it is that one of the braces has come loose and vibrates when I play it.  Makes it sound like distortion on an acoustic.  I haven't come across anyone reputable enough yet to trust them to fix it properly.  I love the neck on it and the action is amazing.

I generally only record vocals with the recorder effects.  Electric guitars are run through the Line6 Pod Pro to get whatever amp and settings I need (but turn off the reverb, all reverb done during mastering.)  Bass through the little Fender amp for a good tone.  I've still been looking for a good way to do the acoustics.  I've got an Apex 770 that is supposed to be comparable to the SM-57, so I'll give that a try.  (But now they got a 775, which is supposed to be even better.  There's always something new, eh?)

The loose brace is behind the bridge and a little toward the bottom.  I've tried to get at it myself but even if I could reach it, I wouldn't be able to see what I was doing.

It's going to require the proper tools to do it.  Fold out mirror, long clamps, tools at the end of little skinny arms.

I understand what you're saying here.  But I'd probably end up gluing my hand to the guitar.  My hands are almost always on a guitar but that would seriously hamper any flexability!