I use a shareware (registered many years ago) program called Easy CD-DA Extractor. It also includes a media format converter and audio CD burner. It has lot of options for error correction, is relatively fast, connects to freedb for track info, etc. I really like this program so I've kept with it rather than looking for freeware. (All updates have been free for me.)
Myself, I rip to Ogg Vorbis at 192 kbps for most CDs. The idea is that if I lose the CD, I won't lose much by burning from the Ogg. CDs that I don't care much about get 160 kbps or even 128 kbps. I'm a pig about open, unpatented formats, especially since studies have shown that Ogg is superior to MP3. Fortunately, since my software has a format converter, I can produce MP3s on demand, with a slight quality loss I'm sure.
Re: Rip it! Rip it good!
Myself, I rip to Ogg Vorbis at 192 kbps for most CDs. The idea is that if I lose the CD, I won't lose much by burning from the Ogg. CDs that I don't care much about get 160 kbps or even 128 kbps. I'm a pig about open, unpatented formats, especially since studies have shown that Ogg is superior to MP3. Fortunately, since my software has a format converter, I can produce MP3s on demand, with a slight quality loss I'm sure.