Been on the prowl for a while for new FREE media apps and I think I've found some nice ones.
Media Monkey

Light, Easy meta data tagging, Cover art importing and managing, DJ mode(no dead air between songs

) FULL rip/burn functionality.
From website:
Organize music and edit tags in your audio library with a powerful, intuitive interface
Automatically lookup and tag Album Art and other metadata
Manage 50,000+ files in your music collection without bogging down
Play MP3s and other audio formats, and never again worry about varying volume
Record CDs into OGG, MP3, FLAC and WMA files
Convert MP3s, M4A, OGG, FLAC and WMA files into other formats
Create playlists and music mixes quickly and easily to suit any occasion
Synchronize with iPods / MP3 players effortlessly and convert tracks on-the-flyFubar2000

If you have ADD this is the app for you. You can spend hours just fooling with the interface. SUPER light, easy to use, modular(add/remove features at will)
From website:
Audio formats supported natively: MP1, MP2, MP3, MP4, MPC, AAC, Ogg Vorbis, FLAC / Ogg FLAC, WavPack, WAV, AIFF, AU, SND, CDDA, WMA.
More audio formats supported through optional components, official or third-party.
Full unicode support.
Customizable user interface layout (new in version 0.9.5). View screenshots...
Advanced tagging capabilities.
Support for ripping Audio CDs as well as transcoding all supported audio formats using the Converter component. Read more...
ReplayGain support - both playback and calculation.
Customizable keyboard shortcuts.
Open component architecture allowing third-party developers to extend functionality of the player.Songbird Media Player

Feels like I'm in firefox, and I'm a huge firefox fan so this is nice. Also pretty light and modular
From website:
Choose from hundreds of useful add-ons that enhance Songbird. For example, MediaFlow is a community contributed add-on that allows you to visually take a spin through your music collection. Try it out, or build one of your own, and make Songbird your media player!
Subscribe to music blogs, get notified of new tracks, and experience rich integration with sites like The Hype Machine. Stream or download directly to your library. Never miss a beat, start playing the web.
Manually transfer or sync media to your device. We support a variety of iPods and MTP Devices.
Just like Firefox, Songbird is community powered, open source, cross platform, and built on the Mozilla stack. There are several ways to help make Songbird better. Check out the Songbird Developer Center where you can find information about the project—how to hack on it, connect with the team, submit code, and create your own add-ons.Got any you want to share?