Thanks for asking. Microeditor currently can record 1 stereo or 2 monaural streams at a time. You can also overdub, meaning play the existing project out and record in sync to it.
Microeditor allows up to 36,000 overlapping segments to play and mix together in a single project. Thus, when building a project, there are NO track limitations.
As to recording more streams at the same time, we are working on an option to interface to the ASIO device driver, that gives us access to almost every multi-track I/O box/card available. You can see our preliminary development plan at:
http://mtu.com/basics/news.htm.
We are now studying the ASIO driver to see what we need to do. Since many of our clients from 11 years don't want/need multi-track, we will make this an option command. It will display a new dialog box to control the recording and allow creating segments in the open Microeditor project after recording is halted.