I have (/my dad has) actually got an 8 track reel-to-reel and a pretty nice mixer, but I find them cumbersome. I use a Marshall MG practice amp, 15 Watt, for recording guitar and for microphone, which I use for vocals, acoustic, harmonica, bodhran etc. etc. This is recorded into Audacity on my PC through an emulated line-in, where preliminary mixing is done, then I sequence my tracks sample-styley in FL Studio 4, even the ones that aren't electronic. Apart from that the only other equipment I have are some really good headphones for the amp (old Beyerdynamics) and a walkman with a microphone which I use for some found-sound.