I have been a guitar player for about ten years. The bands I play with range from jazz to rock. The rise of DAW has allowed me to build a small home-studio in which I record and mix all of my projects (mostly acoustic instruments in a live band setting). My main tools are Cakewalk Sonar, which is used to track and mix, and Soundforge which I use to do the editing.
I also tend to use my DAW more and more to help me in the process of writing new songs since the different looping and editing options make the job easier and quicker.
I'm glad the days of analog ministudios are over