http://www.ripvinyl.com/
The other program I use has a lot more flexibility, and allows auto time based wake up and recording of local (with an FM tuner) or internet streamed FM radio broadcasts. It more expensive but worth it at $20. It will also allow for automatic breaking of streams based on silence between tracks, with an autoname function.
http://www.cooolsoft.com/mp3rec.htm
Note, neither one will log and insert the track names, but both will give you a designated file folder full of individual songs.
Both allow for options of conversion in storing the songs. I assume both methods have conversions from compressed to .wav involved. That is, the data is streamed compressed, then converted to wave, and then stored however you want it, wave or mp3 (you select the compression). I have used both programs and can verify they work fine. You can also see other reviews of them, or find other similar programs at www.download.com
Last, if you need to edit a file, the best free program to do that is Audacity.
http://audacity.sourceforge.net/
good luck, and happy new year to all !
Bob
