With the 'file creation' box, 
you can change the naming format of your MP3s.               
 

Pretty self 
explanatory...  
Close the options screen for 
now; let's move on to the various options available for actually encoding the 
MP3 files from your music:             
         
Encoding level (bit rate) vs. sound quality and 
size    
             
      
   Given that the 'bit rate' of an MP3 file is a 
direct measurement of how many  bits of data the file transfers 
to the player for each second of the song's duration, you can see 
how this would affect the overall sound quality.      
             
    
      More data per second means more of the 
original sample of the song is  being retained, which means higher sound quality... and so it 
does, to a point. The point is, audio is a subjective thing, and one 
person's take on how a  particular song sounds encoded at a 
certain bit-rate will be different from another's opinion. It also weighs heavily on 
the quality of headphones or speakers you listen with.     
    
With a pair 
of standard 'earbud' headphones for a portable MP3 player it really won't matter 
much if you choose 128kb/s, or 196kb/s. However, if you're a bit of an 
audiophile and intend to play back MP3s on a pair of Grado's   
         headphones, you're much better off choosing 
the highest quality encoding rate  possible. I swear by my Grado SR-80s, 
but the 'digital slurr' of a low quality MP3 certainly doesn't have anything 
to hide behind, so they can be unforgiving.      
    
   Most MP3  creation software will give you options 
for various bit-rates to increase or decrease the size of the file created 
and commensurately increase or decrease the sound quality.    There are several common bit-rates that are widely  used, and 
most software sticks to these ass they provide a wide range of quality and file 
size options.             
    
64Kb/s: discernibly  
lower sound quality than the original CD recording, in general.  
Produces really small files though.  22 - 1 compression ratio.        
           
96Kb/s:  Considered 'near 
CD quality.'  You will probably be able to tell the difference fairly 
easily between a file of this bit-rate and the original, at least if the 
original has a lot going on musically.  14 - 1 compression 
ratio.   
 
128Kb/s:  The border of 
what is considered 'CD quality' sound.  Not co-incidentally, this is also 
by far the most popular bit-rate used to encode files, especially on the various 
peer-to-peer services.  Delivers an 11 - 1 ratio of compression.  
        
192Kb/s:  A popular 
choice for slightly better quality and larger files.  7 - 1 compression 
ratio.          
     
256Kb/s:  Getting close 
to the upper limit.  Sound quality should be virtually indistinguishable 
from the original, unless you are a true audiophile (and if you are, why are you 
creating MP3 files anyway?).  5 - 1 compression ratio.