This entry was published at least two years ago (originally posted on January 3, 2004). Since that time the information may have become outdated or my beliefs may have changed (in general, assume a more open and liberal current viewpoint). A fuller disclaimer is available.
The New York Times has a decent overview of how to transfer vinyl recordings to .mp3 (or AAC, or whatever your digital format of choice may be). This could come in very handy at some undetermined point in the future, whenever the family record collection swings my way again (currently I believe it’s in Fairbanks somewhere with Kevin’s stuff, though I’m not entirely sure).
(via Paul Beard and Cory Doctorow)
Update: MetaFilter links to another site looking at the same process: Converting Tapes and Records to CD.