Physics Hacker

EDIT: As reader Wes points out, it is still possible, but hidden under “Advanced”
So i apologize for being too harsh and too fast with my critic of Apple.

wrong statement but left for documentation:
Apple starts to seriously suck. When You update iTunes to 9.1 you will loose the ability to convert your purchased songs (aka the ones you paid for) into mp3s. Just one more of Apples secret feature removes (like search for iMixes).
For everybody pissed like i am i suggest:

Using Tune4Mac – Burn any iTunes audio content to virtual cd and rip it as mp3.

Downloading Music from Amazon , where you get mp3s.

Start using Songbird.