On the CoolEdit demo...

[kgoedman]

...can you only record for 1 minute max?

[petershaw]

im not positive, but i think if u go to the bottom of the screen theres a little time keeper that's set as a default of 30 sec... you can change that to whatever you want... i have the professional (or payed-for) version and i know i can do that.. give it a whirl though..