Gamers and audiophiles . . . .

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hi, im looking for a way to record audio on my computer using my midi keyboard and my guitar. the problem is i am also a gamer with a 5.1 setup. i understand people have gotten two cards to work (one for recording, one for gaming) but i would rather just get one card that does both relatively well.

So basically, i need a guitar preamp input, mic input (could probably do without), and midi input with decent output. I am only willing to spend around $300-350 as i am a poor bastard. I was considering this but im not sure if it will record my electric guitar:
http://www.newegg.com/Product/Product.asp?Item=N82E16829102181

any help or suggestions would be appreciated.
 
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