Transfering Analog Vinyl LPs to Digital Media

Jake Ludington's Digital Lifestyle offers a very detailed explanation, with screen shots, of how to record analog LPs onto digital media. I have a large record collection that I have not listened to in years. I want to sell it, but I can't part with such great music. I have to find a way to convert it! I am going to look a little harder for other options, but this one, although labor intensive, sounds good.