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M-Audio, M-Transit.
100$ US

http://www.m-audio.com/products/en_us/Transit-main.html
It's not a recorder, but it converts analog to digital sound, and transmits it through USB so it can be recorded on any computer/laptop(using ANY recording software) or audio device. There's no signal loss when its digital through the USB (obviously) so long runs of usb cable dont hurt.
It also can be used for 'live broadcast' type situations because it plays realtime through USB.
I've had mine for about a year, and I always keep it with me when I travel with gear. Its never acted up, and is VERY simple to use.
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