I don't think this software has been mentioned before - it is only £29.95 and seems capable of recording old vinyl / cassettes etc. onto PC and has functions to clean the sound up somewhat.
For all those who are still searching for an inexpensive method of achieving this you might like to check out the mighty Steinberg's 'Clean' software package:
Steinberg Clean V3.0 - Audio restoration STEINBERG [SRC001]
Restoration & CD burning software Burn your music onto CD - without crackle or hiss Get your music in sonic perfection onto CD... be it LP, cassette, CD or MP3: Clean gets rid of hiss and crackle. Its high quality effects and advanced music processing features give you perfect sounding music. You can let Clean do the work for you with automated restoration, sound optimization and burning of your finished CD in surround sound. Check out Steinberg CLEAN! V3.0 PLUS NEW in Version 3.0: IntelliAssistant - fully automatic handling SoundMorph - 'copy' sound from a CD track and 'morph' it onto your music TubeSimulation - Hifi valve amplifier simulation RoomSimulation - Reverb effect CarSimulation - sound optimization for car stereos VST Plug-in slots - add other VST effects Features: Burn music from LPs, MCs, CDs and MP3s onto CD in sonic perfection Professional surround sound function (including acoustic simulation) High-quality effects (with audition mode) for lossless restoration WaveLab Lite: 12 additional effects, ultra-quick music editing, real-time crossfades
£29.95
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http://www.millennium-music.biz/products.pl?ProductCode=SRC001&mode=detail&subcategory\_id=PLUGINS