From Techcrunch -
SoundCloud’s new record facility on the site or iPhone apps lets users capture sound anywhere and put it into their waveform player to share it across social networks, websites, the SoundCloud community or privately between friends. The iPhone app also has the ability to add an image and location to the sound recording…Having looked at the app I can see that I may shift my own audio recording to SoundCloud because the experience is really very good.
I'll definitely be taking this for a spin. Soundcloud seems to be a lot more socially accessible than other original music sharing tools.