PPCGeeks - Need a Recording App - Memos, Lectures, Meetings

I need an app that I can use to record lectures and meetings. I tried AndRecorder - Free and it doesn't record for a long period. Tape-a-Talk seemed to be ok but it only recorded for 4 to 5 minutes. I didnt know that and I was using it to record a guest speaker and found I only had 4 minutes of the presentation. I thought it had stop recording because an incoming text message so I tried it out again in a meeting with a representative that I been waiting for months to meet with and found that the app doesn't even record for an extended period of time. I missed some critical information. I am Teeeeedddddd Off by that!

I browsed the Market and there isn't any good recorders out there. I read reviews and read that the IPhone has the best recording app out there and there is a need for someone to develop a good one, (I don't know how true that is). I do have an Ipod touch and im considering taking the steps to use that, but I need a mic and there are other problems with that as far as uploading, converting files, and all that.

NOTE: I DONT MIND PAYING FOR AN APP. JUST MAKE SOME QUALITY STUFF IS WORTH THE $ AND GETS THE JOB DONE.

I HOPE SOMEONE CAN POINT ME IN THE DIRECTION I NEED TO GO OR SOMEONE IS INSPIRED TO PRODUCED A QUALITY APP THAT MEETS MY NEEDS AND THE OTHER USERS OUT THERE LOOKING FOR A SOLID RECORDER.