reality check: recording a meeting

[tom poe]

I want to record a 2-hour meeting.  I think I need a laptop with FC5, 
audacity, and a wireless microphone.  The idea is to use Audacity to 
record the discussion, interrupting every 20 minutes or so to save the 
file, and start a new one.  The microphone is passed from speaker to 
speaker.  Is this realistic?  Has someone done this before?  What 
microphone is recommended?
Tom
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