mp3DirectCut is a fast and extensive audio editor and recorder for compressed mp3. With mp3DirectCut, you can cut, copy, paste or change the volume with no need to decompress your files for audio editing. This saves encoding time and preserves the original quality. It has a built-in recorder that creates mp3 on the fly from your audio input.

mp3DirectCut Features:

• Non-destructive cut, copy, paste
• Volume change, fade, normalize, pause detection
• mp3 recording with ACM or Lame encoder
• Fast mp3 visualisation and easy navigation
• Supports Layer 2 (dvd/dvb audio)
• ID3v1.1 tag editor - ID3v2 tag keeping
• Cue Sheet support
• Auto cue (track dividing by time values)
• Track splitting with filename and tag creation
• Trim, Crop, Fast play, Loop play
• VU meter, bitrate visualisation
• High speed recorder - Command line usage

mp3DirectCut is a freeware, you can download it from http://mpesch3.de1.cc/mp3dc.html#dwn. It works with Windows and Linux.