As an alternative have you looked at grip? it's a GUI front end to cdparanoia and several different encoders. It does cddb lookups on the cd's, rips and ecodes in parallel, etc. I've ripped and encoded my entire cd collection with it.

/\/\averick
perl -l -e "eval pack('h*','072796e6470272f2c5f2c5166756279636b672');"