Yup. I have a Fostex X-12, which I bought primarily because I needed a cheap 4-track. It's quality, though. I get a better signal on an instrument than on my computer (Truly though, my computer's a piece of shit), it's more portable, and it gives me hands-on control.
Also, I'll take an analog signal for my vocals. Odds are, I'm gonna continue to use this exclusively to mixdown my vocals, because a digital stream picks up too much noise.
A ton of big names use four tracks (HEll, Frank Black uses a 2-Track).
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