Yes, agree...
That "Paper" is very interesting indeed. Thanks from me too...
Over the last 2-3 years, I've auditioned quite a few specialist noise reduction applications before finally settling on iZotope RX(2). It allows one a lot of flexibility in fine tuning the extraction of unwanted noise, while at the same time, minimising the addition of any unwanted artefacts. It also has the added benefit of being very easy to learn, and then use to great effectiveness.
It isn't the be-all, end-all of course and I doubt that any single application would ever be that. For example, its Click/Crackle/Pop removal algorithms leave a lot to be desired as I have been unable to reach a point where the offensive noise is removed, leaving the underlying music (audibly) untouched. For this work, I have ultimately settled on using "Click Repair" (linked above by "trackside") as it allows fine-tuning down to almost ridiculous levels of exactness, so that musical content is not affected. Takes a bit more of a learning curve to become proficient (not there yet

) but is well worth the trouble to do so, if one is serious about archiving one's precious vinyl collection.
For other, more basic digital editing, I use Audition 3.01 since I already owned that application after upgrading from "Cool Edit Pro" (which, as it turns out, wasn't really necessary, given how few of the "features" I actually use).
Anyway, hope some of this is helpful...
Mal.