You should be able to
rip faster (as in EAC, which rips only and then optionally encodes later), but still the speed of encoding will be the same. Windows Media Player 7 and up encode while they rip, so if you use that software (shame on you!), you probably won't notice much difference.
Edit: Exact Audio Copy ensures the best rip possible by using several techniques to make sure you get as best of a bit-for-bit copy of a CD as you can. For me, it has even ripped CDs that had lots of tiny scratches (they were for a friend, and he doesn't take care of his CDs like I do

) with relative perfection (there are a few small errors, of course, but for the most part it sounded good). Anyway, if you're getting tired of me singing the praises of this wonderful program, just go over to the Exact Audio Copy
website and download it. Now.
