I am considering buying this http://www.themusicking.co.uk/alesis-imultimix-8-usb

and I was wondering what if I wanted to record 2 guitars and a bass as there is only 2 line ins for guitar would I be able to run over it again with the bass ? and how would I record drums or something off a microkorg ?

Any help would be greatly appreciated.

You could record the instruments one at a time, or are you looking to record a live band?