I've just come across a handy audio recorder called a Zoom H4N. 

Looks great and comes in at about $650 AUD. 

Saving up to get one. 

Brad Linder has written a review of it - www.bradlinder.net/2009/03/zoom-h4n-review.html

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Looking at a telephone recording unit for doing phone interviews with.  It's called a CRU4.
I'm selling them from my website at www.voiceoveronhold.com.au

Pretty simple to use, just have a look at the images below.