ajw: Well, I certainly don't want to steer you away from your initial thought to grab an audio CD recorder, 'cause that definitely is a convenient option, if one's primary target medium are CDs anyway. However, a Teac CD-RW890II over here already is ca. 300 Euro new, and the cheapest prosumer model from Teac's sister brand Tascam, the CD-RW900II, with which you wouldn't be limited to Audio-CD-Rs/-RWs, is roundabout 180 Euro more. And with these you can of course only record with 16 bit/44.1 kHz LPCM maximum up to 80 minutes per CD.
The Roland R-05 (my former favourite, the Sony PCM-M10, unfortunately isn't available anymore...) currently is ca. 165 Euro, can record in LPCM up to 24 bit/96 kHz as well as in MP3, is portable, sport's built-in microphones, can be run on a pair of AA batteries/rechargeables (and that for quite a few hours) and also features a couple of additional digital tricks like for example playback speed adjustment - so one get's a pretty versatile recorder for a pretty attractive price. And of course, due to the larger storage capacity of the cards (iirc, the R-05 supports cards with 32 GByte max.), one can also record for hours and hours, if need be.
Hence I thought it would be good for you to at least be aware of these thingies, 'cause if you can live with the inconvenience to not be able to burn CDs directly, you couldn't only save quite a good bit compared to a new audio CD recorder, but would also get a more versatile device...
Greetings from Munich!
Manfred / lini
P.S.: Personally I intend to record all my vinyl and also transfer the content of all my CDs onto cards, as soon as I've got enough (plan was to grab 100 good, fast 16 GByte Class 10/UHS1 microSDHCs, as soon as the price would drop to ca. 5 Euro per piece - but lately the prices for flash memory cards rather went up again... *sigh*) , which then shall first mainly serve as additional backup. But looking ahead, there may come a time, when I have to move into a home for the elderly - and then I can hardly see myself moving in with a regular hifi system and all those CDs and records, whereas my three PCM-M10s, a few headphone amps and a few headphones plus a little box with my cards shouldn't be a problem...