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My favorit convertor is SOUNDTAXI - a new one, I consider... It's advantage is in braking DRM-protection on media files, so you should listen to your iTunes music any way u like))) Check their site for more info! http://www.soundtaxi.info
I searched for such soft and found SoundTaxi - I was impressed theat it's possible to convert nearly 300 songs for less than 1 hour!!! http://www.soundtaxi.info This soft has a couple of advantages - works perfectly with iTunes, Napster, MSN-music, Yahoo-music etc..., supports all popular music formats & is so easy to use))