It wouldn't make sense to sell you on the RT if it didn't fit your needs, but in your case I think it is a very viable option (from your brief post).
I don't understand all of the hate towards it but maybe it is because people haven't really used it or people don't know how to learn new things?
I pre-ordered the Surface RT and my wife and I love it. There were some minor quirks with wifi and audio when we first got it, but those were ironed out with software updates. Sure I wish it were $350 when we bought it, but it is an awesome piece of hardware and the software runs fantastic. I feel it is a bit selfish to think that Microsoft should be selling these for that cheap upon release. It is a great product and they put a lot of effort into it.
We Skype, use it for the office applications, she uses it for her blogging, and we use it for a lot of video viewing (mainly stream from my plex server) and youtube. It would have been a great companion during college, OneNote is great.
The only thing I feel is missing with the RT (for our purposes) is VLC (which is coming).
As stated by rchillin, factory reset has Office preinstalled so no worries there.
I would think lo-fi recording can be achieved, but I don't know really. Google? If that is a requirement for you and it doesn't support it, then you have your answer.
I'm not sure what all of your needs are, but for us, this is NOT a desktop replacement. For that matter, I wouldn't really consider any tablet (even Pro) as a desktop replacement. That is why I underlined companion up above. Some people can get by with just a tablet or a laptop, we cannot.
My main problem that I have had in recommending the Surface RT is the cost vs some other full W8 tablets available. Now that it has come down to $350, it is a bit easier.
I recently purchased (or assisted in purchasing) an ASUS tablet for a friend that had full W8 and had the added bonus of Office, for $400. Great!
But now I needed a cover that had a kickstand because it doesn't have a built in one like the Surface RT (which is awesome btw).
I also needed some type of keyboard. He was only going to use the keyboard and mouse when at his desk at home. So we could get away with a larger size. But a nice Bluetooth set was expensive and it didn't have a full USB port like the Surface RT (which again is very handy). So we ended up buying a mini USB to USB adapter to plug in the wireless receiver for the set. Not ideal, but it works.
So $475 later he now has a full W8 tablet and what feels (to me anyways) like a cobbled together accessory package. It works, but he is very jealous of how mine all fits together in a really easy package.
Really it was a good deal, but that tablet feels cheap to my Surface RT, but it does have full Windows functionality (which in my case is unnecessary as I have other things for that).
I actually haven't been paying attention to any Surface 2 rumors, but my only hesitancy to purchasing a Surface RT now is that the next one should have some beefier specs and 8.1 is around the corner (which also runs fantastic and adds more improvement to the RT)
tl:dr
Surface RT is a fantastic product for ME, but is it right for YOU?
As with any purchase, make a list of the things that you must have and that you can't live without. If it meets those requirements, then go for it. If it doesn't have that ONE app that you must have, then it doesn't fit the bill no matter how much you want it to.
Good luck!
Edit: As Guzler3 said, I would probably get the type cover for school. We have the touch cover which actually pretty good once you get the hang of it, but I would not want it for school.