The main problem with AudioCatalyst is the Xing encoder. It rips OK if your CD's are in good shape, but the encoder is horrendous if you listen on anything other than $20 computer speakers. And in any case, when the rip is over the only way to be sure you have no artifacts is to listen to the whole track. With EAC you can be sure the rip was perfect without having to listen for errors.
I don't know what you mean by "all inclusive", but EAC+LAME is pretty much a "one-click" solution for ripping, encoding, and tagging. Put the CD in the drive, let it grab the track data automatically from freecddb, select the tracks you want to rip, then click the "mp3" button and a few minutes later you are done, and are SURE that you have the best possible quality.
If listening to crap is good enough for you, well, that's fine. But please don't share those files without warning people that they suck.