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NMP3 Ripper v0.7.0 - one click mp3 encoding.
Simply the easiest and most satisfying way to get extremely high quality mp3s in Mac OS X. Period. NMP3 Ripper uses the LAME mp3 encoding engine which to my ears and many, many others provides the best sound quality / filesize ratio available. It has freedb and id3 tag support so you don't have to type in track names and crap like that. If you're looking for a fast and easy way to create high quality mp3 rips, this is it. One mouse click to rip and entire CD. It doesn't get any easier than that.
Version 0.7.0 requires OS X 10.4 or later. The previous version runs on 10.3.