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For 35 bucks I'll probably end up getting one anyway. I assume that it would act the same as the built-in audio-in ports of older macs. My only concern is the usb input being too slow to record with no latency. As with my iMac, I only plan to record one instrument at a time. Please let me know...

I was wondering how the iMic is at recording instruments. I'm interested in a CHEAP way to record a guitar, vocals, keyboard and drum machine with my TiBook. Does any latency occur with an iMic? Is it compatible with Pro Tools Free? If anyone has had experiences with this please let me know...