I just joined the forum and here's something I can add.
I have successfully (I think) configured the Accurate Rip function for the new EAC prebeta 5. To do it, download and install the database and the main program to your program files and, as the EAC documentation says, copy the AccurateRip.dll to your EAC directory or folder.
Then run EAC. But you have to configure it with three CDs if your drive is not on the list of recognized drives. Mine (a Lucky Goldstar 8160B) isn't. And here's the thing. Not only does your program have to "recognize" at least three CDs on the list, it has to find at least three CDs that provide the SAME offset readings.
In my case that meant I had to go through 25 (!!) CDs before I could configure it. Actually, EAC/AccurateRip recognized six CDs but only three had the same readings.
Once you get everything up and running you will notice a multi-colored disc at the bottom right of the EAC program.
One other way to save time: The list of CDs is not really alphabetical at all. For example, Neil Young is listed both under "N" for Neil and "Y" for Young. In fact, a lot of the CDs seem to be listed by the artist's first name.
I suggest you just read through the list and write down the CDs you have and then go get some of them> I'm sure you won't need 25 as I did, but I feel you will need more than three because of all the different pressings that CD are sold under.
Good luck. And happy ripping!