Ahh that sucks. I was hoping more along the lines of.. $40...
When it comes time to buy a nice external, I'll spend some good money on it, more than $120. But for this purpose, right now, it's gotta be cheap.
There are cards that have been used sucessfully (according to the REW forum) that are less than $40, for instance this one at $28:
http://www.amazon.com/Behringer-UCA202-Audio-Interface/dp/B000KW2YEI/ref=sr_1_1?ie=UTF8&qid=1314103699&sr=8-1You would need to sign up for and check the REW forum however, as there are caveats for some of the units with regard to the OS you are running.
This is the section from the REW setup sticky regarding soundcards:
LAPTOP Note:
If your laptop is limited to a mic-in port with no line-in, then you'll require an external USB soundcard. There are basically two flavors of external USB soundcards.
One type contain an internal microphone preamp(s) with phantom power for condenser mics (such as the ECM8000 or EMM-6). The popular manufacturers of these type are Tascam, EM-U, and M-Audio. The connection diagram for these soundcards is shown at the bottom of the page, but be sure to read through this entire article first.
The second type do not contain a microphone preamp, and have analog line-in and line-out only. The interconnects for this type are the same as for an internal PC soundcard.
Most brands of external soundcards work fine with REW. Many members are using the Creative SoundBlaster Live 24bit external card. It's inexpensive and the REW HELP files have a section on setting up the Creative SoundBlaster Live 24bit external card.
In the earlier days of VISTA, there were reports of some soundcards not working well. The drivers for VISTA are now readily available and there shouldn't be any problems. I personally use VISTA 32 on my laptop and use a Turtle Beach Audio Advantage SRM Soundcard. It works very well with VISTA and REW. Here's a post on my experience with it and how to set it up.
Read more: REW Cabling and Connection Basics - Home Theater Forum and Systems - HomeTheaterShack.com
Best,
Ed