I wrote NGWave in 2002 because of a power failure. I was working very hard on a project, and a transformer blew on my block. When the power was finally restored, I tried everything I could to restore my project - with no success.
I knew that all sound editors stored their "temp" data on the hard drive, and that the information was there - by for some unknown reason, the editor was unable to restore my editing session (and sure, I didn't save often because saving took time).
So now, 11 years later, I still find my NGWave to be the best audio editor around. It is currently lacking in some features, which is soon to change. At the moment it is still a great sound editor, that is super-fast, crash-proof with full recovery after a crash or power outage or whatever. And it's been update to work well under Windows 7/8. But there is more to come...
In the next few weeks I will be working on some new features for NGWave. First on my list, currently in production, is a really cool FFT frequency analyzer display during playback. Unlike my simple, tiny 10-band analyzer, this will be a full 512 frequency analyzer allowing you much more insight into the specific frequencies in the file you're working with. It will resemble the fake audio editors you see on Law & Order or CSI, but without the stupid sound effects.
Stay tuned for updates, as I plan to release a BETA for my forum participants to check out and give feedback if you wish to do so

Look for a BETA in the next couple of weeks...