Whats the processor speed and how much ram do you have on the PC? When I had my HP, iTunes always ran slow, but it was because it was taking up almost 100% of my resources all the time (sub 2ghz chip and 512mb of ram).
Now with my mac, iTunes runs and rips CDs a lot faster now.
Next time you try ripping a CD, open up your task manager and see how much juice iTunes is using on your machine, you might find your answer there.
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No joke, the iPhone has made me an apple believer.
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