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E-mu 0404 USB is a popular choice, just within your price range. It has 1 MIDI in, 1 MIDI out, 2 line/mic ins, and 24-bit/192khz ADCs and DACs.

 

http://www.emu.com/products/product.asp?ca...mp;nav=features

 

It also comes with heaps of lite versions of software which might appeal to you, unfortunately the DAW software is for Windows (Sonar LE, Cubase LE). It does come with Ableton Live which is for Mac but the Lite version is fairly crippled from what I heard (something like you are only allowed 4 Audio tracks and 4 MIDI tracks ... What a joke). It also has Peak Express 5 and Melodyne Essential, which are both also for Mac.

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