Another vote for dBPoweramp. I rip on a laptop which is networked to my router. The rip is sent to my Vortexbox Appliance, a Linux dedicated server connected by ethernet to the router. Yes, the Vortexbox Appliance has an internal optical drive and ripper, but it is a basic program and dBPoweramp is much more flexible. I use the free program MP3Tag to edit tags. I rip to FLAC, but dBPoweramp is flexible, with many codecs to choose from (including several levels of FLAC compression) and also has a format converter. At $38, dBPoweramp is a bargain, IMO.
But, for Heaven's sake, please BACK UP your rips. I have two back up drives, one I keep at home and one I keep at the office (in case of fire or theft). I have already restored my files from back up after a hard drive crash. And since it took me three years to rip my CD collection, you can imagine how relieved I was not to have to start all over again!