Machinedrum Audio Into Live? Options

[jeb52]

I am about ready to buy Machinedrum (http://www.machinedrum.com/, only I have one question. Unfortunately I'm a hardware newbie and I don't have a clue how to routeMachinedrum audio into my computer. This is my basic setup:

TiPowerbook 768/867 (soon with Panther)
Oxygen 8

I want to route the Machinedrum audio into Ableton Live -- if you
could tell me of the least expensive way to do this, I would most
appreciate your help. Maybe the M-Audio Audiophile?

(http://www.m-audio.com/products/m-audio/audiophileusb.php)

I realize most people seem to prefer Motu 828, only I really only want the most basic setup.

Thanks!

Jonathan