Recs.
Updated
SpecsUpdate
Pros
Pro The software advances with you
If you want to use it as a glorified tape machine and nothing else, you'll still be able to get work done. If you want to learn all the shortcuts, scripts, custom actions and macros and really unlock what Reaper can do, you can do that as well. Either way, you'll still be able to make music.
Pro Free Reaplugs VST/VSTi bundle allows usage of the basic bundled like EQ's and comp plugins in any DAW
Pro Highly affordable
The Reaper DAW offers 2 licenses. A commercial license at $225 and a discounted one at $60. Both licenses give access to the complete DAW. The discounted license is for non profits, educational programs and personal use as long as yearly gross revenue does not exceed USD $20,000. There's even an indefinite free trial with no limitations for evaluation purposes.
Pro Simplified workflow
In Reaper, a track is a track is a track. There is no distinction among MIDI, stereo, mono, surround or any other tracks, and that means it's possible to put clips of all kinds on the same track. This approach makes the Reaper DAW seem a lot more intuitive than other DAWs.
Pro DRM-free
Essentially shareware. After your 60-day free trial runs out, the program does not enforce the end of the trial period, and you may continue using the software for further evaluation or non-revenue generating purposes indefinitely. The only "DRM" is your conscience, the Digital Millennium Copyright Act, and the fact the program is awesome.
Pro Auto-bridges 32-bit plugins in a 64-bit environment
When using a 64-bit installation of Reaper, all 32-bit plugins will still work alongside 64-bit plugins. On computers with an x86-64 CPU and an OS that supports multi-architecture, you can also run bridged 64-bit plugins on 32-bit Reaper.
Pro Very full featured but basic recording and production can be learned and done in a few hours
Without prior experience with DAW, you can install Reaper, set up ASIO drivers, connect to your amp and mikes, get the hang of recording/re-recording tracks, and render an mp3 in just a few hours. You can accomplish the basics very fast.