@ burt / No3l
WDM drivers aren't what you want, you need ASIO for low latency audio recording. If your interface doesn't come with ASIO drivers it's technically known as a soundcard, i.e. not really designed for recording duties.

But all is not lost, if you're on a shoestring budget and can't afford a proper interface (they start around £50 for 2 ins and 2 outs) then look for Asio4All and use their drivers instead.

Plugins will induce latency as well as the audio drivers though, if your system can handle it then run at a higher sample rate and lower buffer. Really though you need to lay down some serious cash before you will get a system capable of being able to process the guitar modelling and let you monitor it in real time - there will nearly always be a noticeable lag. The workaround is to record dry, and then add the modelling effect at the mix stage where latency doesn't matter.

Vipros - all in separate rooms is a good compromise, it should give you the feel of a live recording with the separation of overdubbing. Depending on how pro a studio you're in they may be able to arrange video monitoring as well as just the sound through the headphones, worth an ask if you think it'll help.
(Son of Sam-i-am We're all as mad as hatters here, Thu 13 Nov 2008, 13:45, Reply)