What i need is pure recording software, so it does not need to have an UI like a DAW, none of the editing, moving tracks or effects features are needed.

I want it to have the following features:

* Ability to record a single track to multiple destinies at once.
* Destinies should encode to their formats LIVE! (so no waiting after the recording to export to a format, but instant access to the finished file).
* Start and stop a subset of the tracks during the live session, e.g. record all tracks during a song and stop them during speech while selective tracks (speakers and translators) continue to be recorded non-stop during the whole session.
* Required destination output file formats are:
	+ Flac
	+ Mp3 (preferably Fraunhofer rather than Lame)
	+ AAC
* Must run in MS Windows

So far I have not found anything except [Reaper](http://www.reaper.fm/) which qualifies for almost everything except the AAC encoding (and the Lame mp3 encoder). Actually I think of Reaper as quite an overkill, since I don't need a DAW. There are some other DAWs that can record to Flac (like [Traction](http://www.tracktion.com/)) but most do not support using one input on multiple channels or streaming to lossy formats.

There is a [VST plugin](http://www.sonnox.com/pub/plugins/products/pro-codec.htm) available that can be plugged into a channel and will stream to multiple lossy outputs, but it costs almost $500,- which is rediculous!

Searching for a standalone solution brings many products up, like [Steinberg Neudo Live](http://www.steinberg.net/en/products/nuendo/nuendo_live.html#c166166) (looks like a real overkill, and has quite a steep learning curve so I'm not sure if it can do what I want), and [PreSonus Capture](http://www.presonus.com/products/Capture/features) which requires special hardware...All not very helpful, so I'm reverting to asking instead of searching since this looks like a never ending search story!

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**Edit**

After getting up to date about [ReWire](http://www.propellerheads.se/products/reason/index.cfm?fuseaction=get_article&article=rewire), and the posibility to wire up different DAW's sequentially, I guess the question boils down to something simpler. The only missing link is now a DAW or ReWire/VST compatible tool that can stream to an AAC file.

The rest of the question has been established, there are several DAW's that can punch recording of several individual tracks in and out, so that's not an issue. Many can stream to FLAC, at least one can stream to mp3. So only AAC is missing (except for Presonus Capture which is ridiculously priced). Probably I'll have to do with post-conversion using a cheaper tool like [QuickTime Pro](http://www.apple.com/nl/quicktime/extending/index.html) or so, preferably a script-able one. I've seen QuickTime OCX controls before, so maybe that's a short term way to go untill a reasonably priced AAC streaming writer pops it's head up. I'm almost tempted to write one myself, but just don't have the time to get into all of that.