I tried it with my Boss ME-25 and I had timing issues. What I played was delayed by the time it played back on my computer, even with the sampling rate as low as it could possibly go on my sound card and within the software of the foot pedal.

To fix this I bought an amp with a headphone input and I just plug my computer speakers into that port. You may not have the same issue, but if you are looking for software you may run into sampling issues like I did and from what I understand you would have to shell out big bucks to get a sound card good enough to pull this off correctly.

On a side note, I work professionally in the IT field so I know what I am doing when it comes to my PC.