Nearly Perfect
I stumbled across this app, about a month ago. Since purchasing, Ive been using it to rip my 2000+ cd library, to both FLAC and mpeg4-aac simultaneously. I find it incredibly convenient that I can rip to mpeg4 and import into itunes for my general listening, but also archive to lossles flac for long term archiving. Although this doesnt quite meet my ultimate solution (rip to flac and convert on the fly to mpeg4 for itunes support), its pretty close. Now, I just need to motor through my remaining CD collection :) As pointed out by other reviewers, there are other methods to rip to FLAC, but none are as polished as Phile Audio.
vdubgeek about
Phile Audio