I hate DRM! So, one of the first things I do when my darling wife purchases her music from iTunes is to convert it to mp3 to remove the limitations from the music. Is it illegal, probably, but I don't distribute the music. I don't pass it around to everyone, I don't spread it around with bit torrents, I simply want to have a copy of it without DRM. That way in a year or two, or maybe three when I have gone through a couple of different computers I dont have to hassle with authorizing and de-authorizing players. The mp3 format also gives me more flexibility as to how and where I play the music.In iTunes, on a Mac, the only way to convert the files from Apple proprietary mp4 format is to insert a blank compact disc and burn a playlist as an audio cd, then import the CD as an mp3. This task is time consuming and gets expensive when you consider a blank CD costs .29. Not to mention the CD is wasted because like I said above I dont distribute that copyrighted DRM'd material. On a windows machine there are numerous options for creating a virtual CD drive on the computer to trick iTunes in to thinking that it's burning to a real CD. I used to use daemon tools and it did the trick. On a Mac I could not find any options for creating this virtual drive until I came across NoteBurner Audio Converter.
Despite the $39.99 price tag it's a must have application! Once installed in the super simple OS X way it required a restart to make the virtual drive available. Now for the cool part, Noteburner not only fools itunes in to thinking that it has a blank CD, but it also automatically converts the audio files in to mp3 for you!
All I had to do was create the playlist of files that I wanted to buin to a CD, click the Burn CD button, then select the Noteburner Virtual Drive from the drive selections. It was that easy!
I dont feel so bad about buying some music from iTunes now that I have a easy way to convert my purchased audio to a format I prefer.

Do you know if you have any codec control when you re-enc the songs?
DRM is t3h sux.
The program seems to be written with simplicity and ease of use in mind. The only options are to convert the audio to either AAC or mp3. From there you can also set the bit rate, but that appears to be the only control you have. Even though these are the only options this application makes it a heck of a lot easier to convert music.
Hey, that's not all that bad! I think it's easy enough for people to understand bitrate and vbr...sounds like a good find!