Gee, I feel so inferior...
I just run a direct line from my tape monitor jack off my receiver into my sound card. I then use the free Audiograbber program (http://www.audiograbber.com-us.net) to rip tracks - there is an automatic track separater, but as mentioned it's too sensitive (even with the sensitivity adjustor) for vinyl. But since it's analog and you have to listen to the whole track, I just click and separate them myself. I don't have any fancy cleaning programs, but that's OK, I don't mind the hiss an pop of old cherished LPs. That said, I only transfer to .wav files (1 to 1 digital transfer), because I still have not found an .mp3 program that doesn't cause the sonic highs and lows to suffer in compression. And truthfully, I just can't get the same appreciation from an .mp3 file as I can get from a vinyl LP right off the turntable, and at least the .wav files preserves that for me in whole.
