Long time ago I used CDFS.VXD CD driver on Win9x to show Audio CD's as WAV files in the file system. This replacement driver shows WAV files in a variety of qualities.

IMHO there is no any sense in using command line tools. Even on my 4-year old Intel Celeron CD ripping takes 15-minutes. Besides I use software like Exact Audio Copy that can get ID3 tags from CDDB database.