I'm no Audacity expert but I think it's great for tinkering as I did when I digitized a dozen albums then decided it wasn't worth the hassle. It was a learning experience and fun! I had to manually split tracks and manually input metadata for each track. Man what a chore!
Specialized software for digitizing vinyl can help automate the entire process but I don't recall what they are. A couple guys here in the Asylum have gone that route.
