In "The Box"----
Audio Out: M-Audio Delta 1010 10in/10out rackmount, with playback through a Kenwood VR-8070 reciever hooked up to four not-so-expensive KLH 4132 tower speakers and a AudioSource PSW100 subwoofer that we got for $50, haha. In case your wondering, the system is an old Comaq Proliant server with dual PIII 500mhz Xeons, with some SCSI hot swappable goodness. Overkill for a recording setup for joke bands? Probably... haha, although mastering still takes days on that box. Normally faster to shift that to a modern computer.
Audio In: Mic, to Behringer Eurorack MX2004A Mixer preamp, to a DBX Compressor, then into the Delta 1010, to the computer. For Bass, the path is Mic, to a DI box, to a PreSonus Bluetube preamp, to the DBX compressor, to Delta 1010, to computer. We normally use Cubase for recording, mainly because its what we are used to.