Hi Mike,
When I put all my LPs onto my hard drive using audacity, certain ones needed to be "tweaked" to remove the clicks if there happened to be a scratch on the record. As you said, all things take patience. And there all always other ways to accomplish this, depending on how involved you want to make it. Creative (Sound Blaster) also does these same things now, but since audacity is free, it's very popular and works well anyway.
My creative audigy has taken a turn for the worse. My laptop doesn't really have a sound card, rather an "emulator" STAC9200 chip. This is sigmatel corp's driver that came with my Dell XPS. But lately my advanced functions don't work (thanks to an update from Microsoft). After dealing with Dell for 3 days and working on my own for 4 days, still have no speaker selection or surround sound anymore. And as Dell's support has finally driven me over the brink, I'm off to the computer store to buy an external audio card today and not have to spend any more time with this issue. I suppose the new card will also offer the same software to do the things that audacity does. I'm getting Creative Labs X-Fi. Will let you know how it works. It costs $75.