I'll clarify on some of the suggestions provided:
CDEX: best balance of quality, speed, and ease of use. It's been around for a long time, and it's what I personally use most of the time
Exact Audio Copy: highest quality cd ripping to prevent skips in the CDs you rip. Slower than CDEX and not as user friendly. Follow this guide:
http://www.chrismyden.com/bestmp3guide.php
The bad news is that it's a bit of a pain to set up correctly at first, the good news is that once you set it up, you don't have to do it again and EAC becomes quite user friendly
Here's another tip for getting track information automatically from the internet. CDEX and EAC use the "free cddb". It's good to have but not as good as the "gracenote" cddb, especially when it comes to foreign cds. If your disc is not correctly identified by free cddb, fire up realplayer- it is free and uses the gracenote database. Then from CDEX or EAC, choose:
CDDB -> read from cdplayer.ini