Turning Songs into a mountable/mounted CD Disk image

I prefer to bring songs into iTunes by importing them from a CD. Usually I burn the songs as an Audio CD and then import them, but this takes more time than I would like, and even with CR-RW eventually leads me to wasting disks. I was wondering if there was anyway/program that would allow me to take a bunch of songs, and encode them into a Audio disk image so that I can skip the burning process? Any help would be great.

I'm confused. Why don't you just drag the songs into itunes?

Because if I make it a Audio Disk, I can have iTunes replace everything with the Gracenotes Album information, keeping my collection as close to uniform as possible. Otherwise I, most times, have to go in and mess with all the song info to fix any weird stuff.

There must be a way to do this.