When I decided to record an audio version of my book, I started with Audacity. But it quickly failed me when I started losing track of what files I was using, and if I deleted a file from the timeline, it was impossible to track what was what. All this because Audacity doesn't have a media manager. Instead, you have to open a folder on the side and manage media yourself. I've written a blog post about it, didn't get much traction. But as of a few days ago, one of the developers commented that a media me is "on our shortlist of new features to include".
I am really looking forward to version 4.0, I hope Audacity gets its Blender moment.