I have been recording through garageband using the iRig and turning the monitor on in for it's respective track, but I was wondering if it would be possible to maybe run it through some type of interface into the iRig and record multiple tracks? The purpose of this is to record a full band at once and still being able to achieve maximum sound quality while tracking each instrument separately.

Hi Drew, The IO Dock by Alesis might interest you: [url]http://www.macprovideo.com/hub/review-2/ipad-review-the-alesis-io-dock[/url] However, GarageBand for iPad (currently) does NOT allow for simultaneous recording on multiple tracks... That might change in the future... perhaps with iPad 3...