save yourself the trouble and get nero and use mausou's plugins for nero
then you can burn any of these formats straight without recoding or any crap.
* Dolby Ac3
* APE - Monkey's Audio
* Windows Media Audio WMA/ASF
* FLAC - Free Lossless Audio Codec
* MP3 - Utilizing LAME MP3
* OGG Vorvbis
* RealMedia / RealAudio
* Shorten (SHN)
while it doesn't say nero 7 is supported, it seems to work fine for me.
or you can use the diskwriter output plug-in for winamp to make wav files
just make sure you put it back to directsound when your done, or it won't make any sound and eat up all your hard drive space fast.