The Inport package has a couple advantages -- mostly related to the hardware. It does make things a bit simpler by providing well labeled connections and bringing them out where you can reach them. Also, if your computer has cheap onboard audio support the Inport hardware will provide better quality audio -- although almost any audio card would be as good (or better). Basically, it gets pretty good reviews at Amazon and elsewhere.
I've actually used the LP Ripper and LP Recorder programs (that used to ship with Inport) several years ago when I was getting started. Again, they're easy to use, but the free Audacity program is much more powerful and comprehensive. The good news here is that I'm pretty sure you can use Audacity with the Inport hardware -- See the Audacity forum:
So now it's a matter of deciding if the convenience is worth the cost. That's up to you. Good luck, and have fun!
Edited by Capn Easy, 30 October 2010 - 05:17 PM.