So i put this to a test with Dragon 9 Perferred editon, spend sometime teaching it the speaking style of the person in the audio and let it run. An low and behold the damn thing works, and acuracy is not too bad.
Im working on tweaking it more, and should be able to get it alot more acurate. I found if you take a mini din cable and plug the headphone jack into the mic jack on your computer, it produces the best result since there is no addtional background noise.
I will keep you all posted on the progress, i still say this method is pure genius, mad props again to Buzzkill.