We use Reaper to record our practice sessions using 10 tracks in. I mix them later, render to mp3 and upload to our practice page so we can all wince at the horror at our leisure.
It can also render directly to CD but I haven't needed that yet.
Best thing about Reaper other than the comparable performance to very expensive pro software is its price. $60 if you don't make more than $20k a year using it. $255 if you do.

Currently we only have 4 mics on the kit. Our USB board only has 16 inputs and we can't use them all for drums wink