Man, this is so personal, I don't even want to get started. Just do a search and find the program that will do what you need. Even Winamp will rip these days. (not free)

I rip vinyl into a .wav or .acm. I do not use an mp3 player and therefore don't need the format. I have AnalogX's ACM converter (free) if ever a need to create mp3 arises. The mp3 is a compressed format. You can burn high quality mp3's for great sound but by then the file sizes are appropriately HUGE.

Nero is good.

GL

BTW, I agree that the repeated remasterings are profit motives. Some remasters such as the MFSL (Mobile Fidelity Sound Lab) Gold series are done by an independant comapany and really show an improvement. They only start with quality original tapes.

Most home steroes won't showcase the improvements. The accuracy of the monitors is key; Polk, Cerwin Vega, Magna Planar etc... However, a good set of headphones will. Jimmy Vaughn spoke in an interview about listening to SRV's amp on The sky Is Crying with headphones. The buzz is there but it so much more present on the MFSL disc that the original.

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2001 e53 4.4i Sport, Nieman Marcus Edition. Stealth One.
2013 e70 3.5d Stacked, Custom