I have done this using Audacity software.
Transfer to computer is fine! Editing before burning to Cd is a bit of a pain (ie changing track order or omitting tracks)
Whether it is worth it depends on how much you value your music, Mine is all prewar American Big Bands and almost impossible to replace and I am quite happy with end result. I also have a lot of music on tape and am about to order te USB cassette deck, which will transfer direct from cassette to CD, but with the turntable it has to be LP to computer to CD.