Every time I hear about having to timeshift every track you record, it sounds like an unnecessary pain in the neck. Somehow Letha, from that link posted earlier in this thread, doesn't have to do this:

"I was writing about Audacity. I use it all the time for my recording. I have recorded as many as 10 tracks at a time and then mixed them together. I have never had to synchronize them manually, they are always in sync. I use version 1.2.6."

Shifting the position of every track is bound to lead to some misalignment. Wouldn't it be nice to eliminate that step if possible? Then you could use it for cooler things like delays and loops...

http://www.soundclick.com/MarkKaufman