Yahoo featured an article about how to digitize your vinyl so you can listen to it on your mp3 player. They actually make it a little more complicated than it really is, but it still covers the basics:
Converting from vinyl or tape to digital is not rocket science (this article will get you well on your way). But there is a time factor involved in converting from analog to digital: You're going to need to play those oldies in real time as opposed to copying (or "ripping") digital audio data from a CD
Also, there is an interesting article about Tom Waits, who is quite upset that his music is being used in a commercial without his permission:
Tom Waits' next boozy, bluesy tune might be about European car manufacturers. The gravel-voiced Waits says Opel, a European division of General Motors, is running a TV commercial in Scandinavia with a soundtrack resembling his style and sound. And he's not happy about it.
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