InterVideo MP3+ DVD XPack
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The MP3 & DVD XPack instantly adds great sounding MP3 encoding (or 'ripping') and DVD playback to Windows Media Player in Windows XP.
Now you can record CDs and other digital music files in the popular MP3 format for full compatibility with portable MP3 and MP3-CD players.
This Xpack also installs the same theater-quality video and audio decoders relied on by over 125 million users of WinDVD – the world's leading software DVD player.
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Pricing $19.95 (USD).
System Requirements can be found here.
The official page can be found here.