I could have sworn that Cool Edit Pro used to be able to do some smart dividing of tracks from a WAV file. I remember recording a friend's college radio show for him and doing just that. But it's been a long while, and it's not even called Cool Edit Pro anymore (can't remember what Adobe calls it now - "Future UI Nightmare"?).

And if you want a free and easy way of capturing the audio, Audacity is great. Just make sure your computer isn't making any unexpected noises while you're recording.

Aside from that, I agree with Tony