Do you notice any loss of quality doing it that way? You're taking the audio of a compressed song and compressing it again. It may not be enough degradation to be noticeable though.
Thats cool then. I've yet to buy anything from Itunes because of the DRM and being locked into one system. I'm not going to buy music that I can't listen to on WHAT device I want to listen to it with. So for that reason, I'm still buying CD's and ripping them myself.
I've cheated on a few. Rhapsody gives you 25 free listens/month. There's been a few times that I've needed a copy of a song to have to practice with to learn how to play. I just use Audacity to record the song as it is playing from Rhapsody, then save it back as an mp3. I don't feel guilty about that though because almost all of them have been songs that we are playing at church and there, we pay a license to use the music in the service . . . so the artist is getting some money though that.