Does it have a built in Wave editor?

Depends :) The editor will let you cut up, trim, gain-control, splice and crossfade audio. It doesn't allow sample-level "pencil" style manipulation, and you can't write new data in the trivial way that most editors allow. You can still do this however. So basically no, the editor is more of what people term an "arranger" or "sequencer", but it can still do quite a lot. to get back the question: i've used - snd - very powerful, a little tricky to learn to use sweep - excellent traditional editor gnoise - excellent traditional editor, not moving as fast as sweep but has a few benefits lots and lots of people are using audacity (its one of the top 10 downloads from sourceforge.net), but i've never tried it. --p