use audacity
record it straight from ur sound card,
remember not to on any msn/ games, it will record them too
u also need the lame.dll file, which can be found frm the
audacity's website
after u finish recording, click file|export as MP3
it will then prompt u to edit the ID3 tag, jst enter the song name*
and artist(can leave blaNK) and genre
*important, if not the name will nt be reflected