For audio conversion on Windows I use CDex. The file name string I prefer is:
On Mac OS X Snow Leopard I prefer to use Max. The file name string I use is:
My prefered output formats are:
 FLAC for archive/media server copies.
 112kbps AAC for portable media.
 FLAC is a lossles codec and represent exactly what is on the cd, this is a great free codec with players available on most platforms. It will compress a 700MB cd on average to 400MB.
 AAC is high quality (Superior to MP3) lossy audio codec. Setting to 112kbps with a variable rate codec means that I actually get files sizes expected from a constant bit rate 128kbps codec. The loss in sound quality is not that important when listening with headphones.