I'm going to be encoding my books on cd at 32kbit, and I was wondering what the best encoder/formats for this would be? Bladeenc? Lame? Ogg? I hate to say this, but wma actually sounds decent at low ...

I use Exact Audio Copy along with the freeware BladeEnc encoder to make my mp3s straight from CDs. While I don't do the step of going from .wav to .mp3 myself, I'm sure there are plenty of frontends ...