I don't know if it's been mentioned yet, but MediaMonkey is my choice for ripping CDs to lossless (FLAC) and for media management. It even has "Secure Read" and "Jitter Correct Read" for discs with issues and can check to ensure the disc got ripped properly. Worth the $25 for Gold, IMO, and there's no chance of malware. That's what I use anyways. I know EAC is popular as well. I tried that and the interface was not user friendly at all, IMO, and made things much more difficult than it had to be. Plus, it's just one more program I have to worry about. iTunes works great if you're willing to use their formats. Their error-correction is excellent on a lot of bad condition CDs. Anyways, that's my $0.02.
7.1 Setup: Yamaha RX-V671, Boston Acoustics VR40 (Mains), VR12 (Center), CR8 (Surrounds), CR8 (Rear Surrounds), Mirage Omni S10
Second 7.1 Setup: Yamaha RX-V663/Kenwood KR-5030 (Stereo), Boston Acoustics VR20 (Mains), VR10 (Center), CR6 (Surrounds), CRC (Rear Surrounds), Klipsch Sub12HG
2.1 Setup: Nakamichi RE-2, Boston Acoustics VR40 and Mirage Omni S10 (shared with 7.1), Emotiva XDA-1, and Pioneer, Kenwood, dbx, Luxman, Burwen, and JVC vintage equipment