Home Studio Soundproofing

so i am going to make a home vocal studio because i love to rap &remix songs.
if u are gonna hate or say something stupid i dont wanna hear it.
i dont need like a beat maker or anything i just want to record nice quality vocals.
i am gonna rap over populor beats to show that i am better than the actual rapper.
you digg? lol

so anyways i am on a budget because this is only a hobby.
i was wondering if the M-AUDIO PRO TOOLS VOCAL STUDIO was a good program & a good mic?

here is a link - http://www.bestbuy.com/site/M-Audio+-+Pro+Tools+Vocal+Studio/9470636.p?skuId=9470636&IcsCsid=2-39-654-25-5-35988-35854-25-654-422-25-654-2199-0-1&id=1218110869151

i am making a booth in the corner of my room & yes i know about soundproof & all that.
thnx in advance.
info & tips is helpful thnx!

Pro Tools is the indsutry standard software. The only thing about it is that you need equipment that is compatible with pro tools, and you need an m-box or m-audio interface which will cost you $120 or more. a good mic you could check out for a decent price is the shure sm57. i make beats so if you ever wanna collab let me know on my youtube

www.youtube.com/mnbeats

Or

check out some hot beats on my soundclick http://www.soundclick.com/bands/default.cfm?bandID=977877