Oh i forgot about that, sorry...
See my first reply above and get foobar and foo_psf
You also need the Lame mp3 encoder, which you can get here (
http://www.free-codecs.com/Lame_Encoder_download.htm) Put "lame.exe" and "lame_enc.dll" into the "components" folder of wherever you installed foobar.
Just open the entire psf2 set in foobar, which you can either do in foobar itself or just drag the files onto the foobar icon. Select all the files you want to convert,right-click and select convert, and click "..." Under the "Output Format" select MP3(Lame). I believe the default option is 192kbs VBR (fast) which should work fine. Make sure you specify where you want it to put the files. That's it! I LOVE foobar for converting. You can choose the format for file names if you want. I just use "%title%" but you could do "%artist% %title%" or "%album% %title."
I think you can also encode FLAC or whatever else it shows there, or get a plugin that will do it. It should be easy to find whatever other plugins you need. Let me know if that doesn't work for some reason.