I have recorded a short file to demonstrate the speed and ease with which podcasts can be created. Click here to download the MP3 file I just created.
I recorded the short podcast, I saved it as a .wav file to my desktop, imported it into iTunes, used the simple "convert selection to MP3" command to convert the file format, then I uploaded the file to my blog's audio storage folder (which I had previously set up). I then created the blog post that you are now reading and inserted a link to the stored file. The entire process took about 5 minutes, total.