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“Sound Forge has some audio processing tools that Vegas doesn’t”
While you’re right about that part, Audacity can pretty much do anything that Sound Forge can do and Vegas can’t, unless anyone else has something to add. Audacity is a great program, though my only complaint is the lack of visuals that guide you into effectively utilizing some of the advanced tools in it. But other than that, I think it’s great for most any audio functionality, just not the conveniences you get with the $100-1k sound programs.