Sure, the above steps work, but do you know what the fastest, easiest, best way is???
It is the new cdfs.vxd file. When you explore the CD using My Computer, all of the tracks will be shown as .wav files. You can copy them to your hard drive in many options such as 11,000Hz-44,000Hz, 8bit-16-bit, Mono, Stereo, and so on!
Visit this site to get it.