I just recently bought the Line6 Toneport.

Price: 129€ - approx. 99USD

The Toneport consist of a Hardware component which is the toneport and is nothing else than a very fast soundcard that let you record in superb quality, plus the Gearbox Software where you can chose from a huge variety of Amps, boxes and effects. Also it has a feature called direct monitoring, so you have almost no latency or at least the human ear can not hear the latency.

What's cool about it:
No more Amp standing around in my room. The modeling is over the top, especially the Bassman and Line6's own amp creations. With the software you have an online tuner and a full programmable metronom! Furthermore you have a window where you just press tone library. Gearbox connects with the internet, you type in a name e.g. "Clapton" and it gives you a variety of Clapton sounds. Then just click "get the tone" and it opens up immediately in your gearbox. Furthermore you have 5 bassamp models plus vocal preamps!

This is so fantastic and amazing!

What is not so cool about it?
It makes you an adict sooner as you want to understand. No I am just kidding!

This recording tool is the best and I mean the best price value you can get! The sounds are really unbelievable and I am very pedantic with guitar amp sounds!