What is the best way to convert LP's to CD's?


I'm getting ready to purchase a new Dell computer. I would like to convert some of my LP collection to CD for the conveniance. Besides a sound card do I need any other equipment? What do you all use and recommend? What types of CD\R or CD\RW sound better? Will I need some type of DAC to convert the analag to digital? I'm new to this process. Please let me know.
sgr
I use the Digital Audio Labs Card Deluxe with Sound Forge software. Great results.
hey lazarus28..:) i picking up a used nero burn cd thanks to advice rives..:) but it's not coming with a instrucions book.... so tell me how to access the advanced master quality thingie(sound yummy)

sure i'll figure it/find it 2 months after i get the cd/i'm that slowly...
Deluxe: It's a good point--documentation on the Nero is not great--that's really it's only downside. It took me a long time to figure out how to get it to burn with the correct options and even longer to get it to read slowly for mastering. I should take some time and write down all the settings (and how I accessed them) to share--and in case I ever need to set it up again.
Rives talked about a sound card digitizing to 24/96. I take it you then use a DVD burner and either DVD-R or DVD-RW media. Correct?