CDH Media Wizard is a powerful and complete all-in-one multimedia solution supporting all popular media formats, audio and video (including full screen) playlists, and powerful audio conversions (WAV to MP3, MP3 to WAV, CD to MP3, CD to WAV, WAV Compression Conversions, etc.) It has a skinnable interface, complete drag and drop support, CDDB support.
More info:
hxxp://www.cdhnow.com/mw.html