Is there software (freeware?) out there that anyone is using for editing MP3 files?  
Good points/ bad points?
TIA
 
I am borrowing a friends H2 recorder to record a show I am playing tonight and it appears that it will just be one giant mp3,,, I would like to be able to break it down into individual songs.

Not free, but a great simple tool for such editing: GoldWave. I think there's an evaluation period that will allow you to cut up files without buying the software. It's not expensive though.

Paul:
 
The H2 is capable of recording in wav format.  I always record in wav format, CD quality - 16bit/44.1kHz, with mine.  You can even set it to record at 24bit/96kHz in wav, better than CD quality.  At CD quality, it will record approximately 1.5 hours on a 1 GB card in stereo mode.  The bigger the card, the more recording time.  
 
Bill, tgo
 
(Message edited by lbpesq on May 26, 2010)

I use Audacity.  It's free, and it's straight forward.  I use it for the same type of thing you're describing; taking the recordings from my H4, breaking them up into pieces, adding fade-outs, taking out the noise right before the song starts, etc.

Like Dave I use Audacity to chop my H2 recordings into songs. It's a bit of a faff but simple enough to use, allowing you to zoom in to individual notes.
 
Graeme

Thirded on Audacity, though when i started using macs i switched to garage band.

I've got Audacity, but I prefer Peak Express 6. The interface seems a little easier for me to navigate and transcoding is seamless.
Mike

Bias Peak/ Protools Mp3 option/ Garage Band

Thanks everyone!
I downloaded Audacity, with the giant file sizes and our old computer it requires some patience (or a glass of bourbon!). The big problem is that I had the gain on the H2 set low so the audio level is low, I added some compression and it helped bring it up while still retaining a decent sound quality.  
 
Next Wednesday I will record us again at a higher gain level then I am going to have to return the H2 - I will miss it, it certainly is a handy little device. . .