Hello fellow UG folk!

Like nearly every other person out there, I've been trying to find a way to record on a small budget. I have a Digitech gnx3, and i'm really interested in a MIDI to USB interface like the CME U2MIDI. I read that these are good for downloading patches and such, but does anyone know for sure if they can be used for recording or not?

Oh, and the sound card on my computer is terrible... and I'm trying to avoid having to spend more money than I have to.

Thanks for the help!