Well I have the eee, and it runs great. In fact, it
is totally great for its price. Keep in mind that a small linux OS is running on an solid state disk. In many cases, this little thing reacts much faster than my "better" normal PC running XP. It boots up in less than 40 sec and i was not able to measure the time audacity needs to start. It is between 1 and 2 seconds. And for stressy situations, it is easy to run it in a kind of idiotproof way. The SSD is then read only, and every change is stored in RAM. This is done by a little mod and really useful. You are no longer able to destroy your system
Using 2 GB of ram is less easy, because you have to change the linux kernel or use windows.
Some cons to be mentioned:
-Altough the "workflow" on the eee is really great, it clearly has its limits with its small processor.
-It has no line-in. Its a mic in with permanently activated plugin power.
-Using the original linux, it may be hard to find a working USB ADC.
-It is NOT fanless. It has a very small fan in it which is not very loud but sounds terrible to my ears.