I recommend Easy CD-DA Extractor from Poikosoft. It's small at 6MB, easy-to-use, and supports multiple formats, including wma and wav. Just drag the My Music folder to the file list from the built-in file explorer, select the output type and quality, and press convert. Best part...it takes less than 10 seconds to convert a 3 minute song, including the track information! Mind you, it's just a 30-day trial version, but it's the best program I've found.
Hope this helps,
can anybody tell me how to transfer audio files into mp3 format. all music tracks that i have are not in mp3 format and when i tried to drag them into itunes library to transfer them to my new ipod, nothing showed up! i've been trying to figure out a way to do so but in vain !