Communicate from Arudino to computer over 3.5mm port
I didn't read the all page, but it seems it can be achieved, see David Awehr's blog (this one is conected to a android phone instead to a PC tho) and this Hackaday page where they seems to it, but the PC's audio input normally use 44,1kHz or 96kHz, so if you wanna go for the higher Serial speed (let's say just 115200bauds) you should think about it this.