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I was thinking about this the other day, and is there any barrier for the iphone to keep it from being a true audio interface?
All it would need to be able to do is send audio as it was being recorded over the USB connection to a computer. Using devices such as iRig could provide the line in.
Would it be possible to one day record music live in Logic on a computer, just using your iPhone as the interface?
Iphone 4 iOS 4