with any daw that supports recording audio, it records strait to the audio track. no extra stuff, so i dont see how a plugin (which u apply to the track) would work in real time of you recording it.
wait wait. I think i know of a way. in adobe audition 2.0, in multitrack view click on the FX tab so u can apply effects to each channel. and just go in and apply the waves c1 to the channel u plan to record on. and turn it on/make it active. Then when u record, it will be doin its work,.
of course, with soundcards that have direct monitoring, u wont hear this effects until u play it back.
whats the point of this anyway, why cant u just apply it later?