Since Windows Media Player 7, all the next versions have this feature and it resides on the main interface of the software. Also when you insert an Audio CD into CD/DVD-Rom, the autorun menu will have an option titled "Rip music from CD". Clicking that option will autorip your Audio CD to default settings of the software. If you click RIP from the main interface, you have the ability to customize bitrate, output folder, encoding and so on. For all this to happen, you need a compatible Audio encoded CD in a standard format.