I've used that software to record many of my old vinyl LPs to CD. Obviously the quality will only be as good as the original (though you can do some things via software - like eliminating pops and other noises). I'd suggest that you make yourself two of each CD, and put the second one away in case something happens to the one you're using. The bulk of the time involved in the process is in making the original digital file, since the original tape has to run "real time". Burning a second CD won't take nearly as long as repeating the entire process would.
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"If we took the bones out, it wouldn't be crunchy, would it?"
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