Mass .WAV compression utility?


I've got over 500 gigs of .wav files ripped in a nice orderly directory/file structure on a server like:

[Drive:]\My Music\[Artist]\[Album]\[TrkNo]-[Title].wav

I tend to use iTunes for playback off my Mac Mini and foobar 2000 for my WinXP boxes. While you can't "tag" a .wav, there is a nice Applescript I can run in iTunes, and masstagger in foobar, to allow me to build databases inside each program that recover tag information from the directory structure.

Now I want to create a shadow directory of everything in mp3 or aac format for portable use. All the mp3s I've made have been with EAC calling LAME as an external function when the disk was getting ripped. So, my question is...

...Does anyone know of a utility to mass convert .wavs to .mp3s, and either echo the directory structure on output or convert existing directory structure info into mp3 tags?
edesilva
Well, I pieced it together. There is a line item under one of the top menu selections that previously read "Convert to WAV", but I found that if you go into the advanced preferences, you can change the preferred encoding the "mp3" or "AAC" or whatever. That is great, I can mass convert a bunch of selected files.

In terms of references to multiple libraries, why not just use the playlist feature as a sorting mechanism? I took the library of WAVs and turned it into a playlist called "All WAVs." I'll go back to the whole library when its finished converting to create a second playlist called "All mp3s." Rudimentary library management, but it should work.

But, I have another problem! Since all my files are on a server, iTunes puts a "!" in the library next to each file name until you double click to play the file. Its like some cautionary note that it doesn't know whether the file exists or not. If you double click to play it, iTunes will use the password on your "keychain" to pull it off the server, and the "!" goes away. The problem is that for whatever reason, asking it to convert does *not* cause iTunes to use the keychain to get to the file, and it simply ignores files with the "!". Any idea whether there is a simple way to force iTunes to verify access to the file? Playing all 15K songs will take me (according to iTunes) 40 days.
Ed,

Why not try clearing the iTune files that catalog your tunes (in the music folder for the user and also the files relating to iTunes in the user/library/preferences *itunes.plist for mac)

Then Just drag the folder from the server and drop it in the library of the i
Tunes window (I hate calling them that on a MAC but...) iTunes will the recreate the files that keep all the music info. If you have your preferences set to keep your music on the server, then it hopefully will now recognize them all.

DO NOTE. This will not erase your music, just iTunes files it uses to find the music.... it will take a minute to recatalog, but might solve the problem. You will however loose your playlists in so doing this.

If you are using a MAC server, and have it still under their warranty, and have some patience, they will fix almost anything. If the server is PC.... I am unclear, but I would still suspect clearing the iTunes files and restarting iTunes (after you clear the reference files iTunes will open like it has never been used before and recreate all these files. If you are careful, and remember/write down where you got them all from, you could easily reverse this process as well.
Kennyt-

Thanks, but I figured out what the problem was. If I log into the server before starting iTunes, the "!"s don't appear. Its only if iTunes starts before its logged into the server. I started AAC compression of all the files last night at about 7PM, and I figure it will take about 3-4 days to convert all 15000 songs. I don't think I've ever had a computer processing anything for 85 hours straight...