If you want an "all in one" app, dBPowerAMP is a great freeware tool that can handle most formats with a good list of encoder plugins: http://www.dbpoweramp.com/
Agree with Oldy...if you want a great "all in one" converter, dBPowerAMP is both excellent and free. I use it all the time for WMA and RA to MP3 conversions
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