Best way to split a set into individual songs?

I recently purchased a PreSonus Studio Live 24.4.2 which allows me to record via FireWire 24 individual tracks of a live performance for later mix down.  I recorded our show last weekend, recording each set as a single recording, using the "Capture" program that simply collects the data coming in over the FireWire into individual tracks per channel.  So I've got 3 sets of songs, 11 tracks each (each track an individual wave file at 44.1x24).  I've loaded the first set into Sonar (X1 at the moment - still setting up my new X2 system).  So what I'm trying to determine is what the best way to split all the tracks into individual songs.
 
I have created a template file with the 11 tracks, busses for vocal mix, instrument mix and drum mix, with appropriate names and assignments so that I can easily set up the individual songs.  I want some advice on the most effective way to chop these set tracks up into individual songs so I can mix each song individually?  Obviously when cutting songs out of the middle I need to make sure I can get the tracks alligned in the new song file.  I guess as with most things computer there are proabaly several ways to attack the problem.  I have a couple ideas, but I'm wondering if someone with experience at doing something like this might have suggestions.
 
One thought I have is to go to the end of the tracks and work backwards, splitting all the tracks just before the last song, and then saving all the tail tracks (containing the tracks for the last song) into a separate audio folder for that song.  Then delete those tails, back up to just before the second-to-last song (which is now the new "last song") and splitting and saving those in another audio file (and so on for all songs in the tracks).
 
Perhaps it would be simpler to make several (as many as there are songs in the tracks) copies of the original tracks (such as maybe making a bundle file and duplicating it several times), and then for each song just open up one of the bundles and chop off the ends after the song ends, and then chop off the heads before the song starts, and then save the result (I would need to slide the tracks over to start at at time zero).
 
I suppose I could just use a single project, and bracket a given song with loop points and work on each song that way, and only produce individual songs when I do the mixdown.
 
Or maybe there is something more straightforward.  I'd appreciate any insights, perspectives or suggestions.  I also have Sound Forge, so if that would be a more appropriate tool for this task, perhaps you can enlighten me in that regard. 
 
Thanks,
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Greg
 

It is simple enough to export per-song MP3s by highlighting the range.

here is another suggestion.
get a GOOD mix on your first set ( all songs) and then create a project template from that " base mix". then, for the first set, start using "save as" to create a new project for each song, deleting the excess audio for each song. for the other sets, just repeat the process by importing the other sets into the template mix that you created.
what you want to avoid is mixing them all from scratch.

I only recommend this if you MUST separate all the songs. using automation to adjust parameters from song to song ( and during songs) may sufficient since these are live cuts.

gyoungdahl
The other three vocal mics are kind of a free for all among the three singers - for any given song, they may grab different mics depending on who is the primary vocalist and who is picking up harmonies.  So for those three mics the processing and eq might be rather different from song to song.  Perhaps I could cut clips from those three tracks and shuffle them so that the same singer is always in the same track regardless of the mic they grabbed for a given song (all 3 mics are SM58, but may have had different input pad settings dialed in - that is the only setting on the board that affects the recorded audio).
 

 
I hadn't thought of that, we don't tend to jump around much from mic to mic, sometimes one vocal mic is used for harmonica and vocals, but I usually just leave it with the same EQ and perhaps make it a tad wetter with the verb for harmonica using automation. Your situation is more complex, your cut/paste track shuffle solution is a good one. 

Wow gswitz - awesome video, looks like lots of info that will apply directly to my question.  Good to see someone working to accomplish what I need to do.  I've watched it once, but I'll be studying it further as I work with my tracks.  Thanks for making it and posting the link to this thread!
 
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Greg