After expunging the Netgear SC101 disaster from my network, I found that I had lost about 10% of my ripped CDs — notably all my Led Zep.
So starting the process now. Will take months to complete as a background task. Glad I still have all the cds around. I rip to flac for longterm storage, and then convert to mp3 so that the ipod and other devices can deal with. Really not much more painful than ripping straight to mp3 — dbpoweramp does a pretty good job at batch conversion.