not a total mistake, just a small one. it will record in wave, but may or may not power your mics(not sure), you may need a battery box as well. the bigger picture is, that once you get comfortable and decide whether you want to continue taping, this device will become obsolete due to it's limited HD size(not festival ready) and it's lack of a digital in(optical). it's ok for now as a learner unit, and eventually an mp3 player, when you get something else. is it able to be returned? if so, definitely get a jb3. good luck, ask many questions, everyone else here has.
jr