Just a useless comment from me

but Mischcabob is right:
QUOTE(apple.com: iTunes Features)
To import songs into iTunes, just insert a CD into your computer and click Import CD. Or set up iTunes to automatically add music when you insert a CD. Either way, iTunes imports music in a snap. iTunes saves music from your CDs as high-quality AAC files — a format that builds upon state-of-the-art audio technology from Dolby Labs. But you can choose different audio formats, too. iTunes lets you convert music to MP3s at high bit-rate at no extra charge.
I have an iPod but would never use iTunes.
But you have it, you use it, why don't you rip to mp3 and choose the "Apple way"?