For the foreseeable future, I will be mainly using audiotool (which is free atm) for making my music. You can listen (and see!) my music at http://www.audiotool.com/project/tydus is
For recording and tweaking vocal fx, I use Adobe Soundbooth CS5. For those samples which absolutely need the human touch during creation, I use ModPlug. It takes your keyboard and turns it into a REAL keyboard with three octaves accessible at once. It's practically ancient by today's standards, as it makes the kind of stuff from 12 years ago. You know. The kind of music that was in module format and came with Unreal Tournament. Anyways, its pretty tedious to use when compared to audiotool, but its got some power to it. It can change the BPM, the beat settings (4/16, 4/8, etc.), all in the middle of the song, giving access to some crazy shit.

UPDATE 9/5/2011: I got me some Flash tools! Man, Frame-by-frame physics drawing is fun!

UPDATE 9/13/2011: Drawing here. Drawing there. Drawing everywhere! Working on a song the likes of which I don't know of. Can't. Stop. Practicing. Arts. Why couldn't creativity have struck at the beginning of summer?

UPDATE 9/17/2011: Venturing forth unto the world where music is not 80% other people's samples. That was an awkward sentence. Anyways, I'm trying to make music 100% from scratch. Make some samples from my preciously protected pile of 400+ bass sounds. Got it years ago for free from a site that now makes you pay for it. Been recording lots of voice acting for practice. Voice acting is one those few things where it is constructive, useful, might land you a job, and fun to do.
10pm: ZOMG! Found SuperWave P8! A REAL LEGIT SYNTH! ^\_/^ Audiotool stock synth goodbye, unless I need to make chiptune.