Part of what I have always enjoyed is researching new products or technology. So I have been playing around with recording a Podcast.
The most common approach is to record yourself, on the high end with either a recording studio type of setup with mixer and high quality microphone, or on the low end with a computer microphone and free software.
I was very surprised with the ease and quality of the recording, which was not what I was expecting.
So the quick and dirty end of the spectrum is documented very well by Jake Ludington.
I just installed and setup the software, plugged in the mic and clicked record, that was it. Audacity makes editing easy and I exported as mp3. I found the quality to be fairly good and much better than much of the echo-y hollow sound I have heard elsewhere.
I also hope to checkout recording vendors at some point, but this was very easy and worked better than I thought.