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I'm also a Total Recorder fan. I bought it at least 3 versions back and they've never charged me for subsequent updates.
Glatt, try it out. I've done that before with a couple old things for Mrs. Dallas and they came out OK and I just have the basic Total Recorder. (Auto track splitting is dependent on having a certain amount of silence between tracks, but you can do it manually too.) However, they have an audio restore plugin that is intended to deal with problems like this. I don't know if it's worthwhile or not, but you can download a demo.
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