some software for you.
"whoever writes one of these has probably got a couple of Phd's to pay for"
You are not going to find a cheap speech to text software.
I am working on a project where I am having my wife's grandmother telling her life story into a digital audio recorder which creates WMA audio files that play fine in QuickTime with Flip4Mac installed. I want to have these files transcribed into text. She speaks clearly so I think a speech-to-text program may do the job for the most part and do some manual touch up afterward.
Can anyone recommend what I should use for this job? The only program I know of is MacDictate/MacSpeech. That's $150+ so that's out of the question. Is their anything out there that works and won't break the bank?