seeking auto transcribing for a small meeting

[Lisa Priester]

Hi list! 

I am working on establishing a repository of IT documentation. Some needed
documentation has not been written, and the people who have the subject
matter expertise to do so would rather be nibbled to death by baby ducks
than sit down and write or draw. 

So I've been asked to find out whether anyone knows of some digital recorder
and transcription software that would work in a small meeting setting, in
which I and a manager would interview the SME to capture the needed info. I
know of software such as DragonNaturallySpeaking and ViaVoice, but those
seemed to be design for use by one person with a headset plugged into
his/her desktop. 

Is anyone familiar with a setup that would allow two or three people to be
recorded and their words automatically transcribed? (I'll probably bring a
sketch book and scan any sketches, to capture graphical info) Here are the
business requirements:

-Record two or three people speaking in a small office
-Transcribe text with at least 880% accuracy. Nice to have: each speaker is
identified (as in a script) 
-Does not require that each speaker "train" the software
-costs less than $1000, including the hardware and software

Does such a solution exist? 

Regards, 

Lisa Priester
IT Documentation Specialist
Cast & Crew Entertainment Services, LLC