.....the iRiver H120 or H140? That's getting mighty old and, since it's a hard drive in there, I would think it's going to get unreliable sooner rather than later. Also you have to install Rockbox to keep it from clicking in the recording.
For someone new to recording, you want something that doesn't need to be tweaked or pampered: The Sony PCM-M10, with outboard mics as budget will permit. You can get a good recording of a band with a setup as inexpensive as
SoundProfessionals BMC-2 mics
http://www.soundprofessionals.com/cgi-bin/gold/item/SP-BMC-2 and a battery module,
http://www.soundprofessionals.com/cgi-bin/gold/item/SP-SPSB-8Total cost, maybe $350.
SoundPros sometimes suddenly drops the price of the mics to $29 if you keep an eye on them. Get the 3-year warranty if you think you're going to be using them a lot--the wires are thin, for stealth, and they can wear out.
Or get Church Audio mics. Chris Church makes special offers on taperssection. Make sure their frequency response is 20-20,000 Hz. Some of his mics skimp on the bass (in which case you might as well use the built-ins on the PCM-10).
Mic to battery box to Line-in. Manual level, limiter ON, set the volume knob to 4 (or 3 if you are blasting). Done.
Quote
Pair of Behringer C2 or C4 - $55 http://www.savinglots.com/lotprod.asp?item=C4
UA-5 BMp2+ - $165 http://taperssection.com/index.php?topic=137156.0
H1x0 - going rate $80-90 on ebay
Total cost (excl stand/bar/interconnects): $300