There are really only two options for CD info I know of, CDDB and FreeDB. Both of them suck. I have to correct data for at least half of the CDs I put in.

Most can put files wherever you want.

You say it has to be fast and then you list bitrates. I'm not sure what that's about. Personally, I find fast to be irrelevant. If it's fast and bad, then you end up having to rerip, which makes it slow and annoying.

Also note that you're talking about at least three different processes here. There's ripping, which is getting the audio data off the CD. There's encoding, which is saving that audio data as an mp3, a wma, a wav, a flac, or whatever. Then there's getting the track information (I can't think of a comprehensive name for this). Many products do all three of these things.

Really, though, the best would be to use EAC and Lame. EAC is a ripper+info-er, and you can use lame as a plugin (of sorts) to encode. It's probably not the fastest, but it's the most accurate, and it's not slow.

If you really want to, though, you can probably get WiMP to encode to mp3. From here:

Encode MP3s with WiMP
Install an MP3 codec (compression/decompression, required for this operation). You can download it here. Once installed, navigate to the following string in regedit:
HKEY_LOCAL_MACHINE\Software\Microsoft\MediaPlayer\Settings\ then to MP3Encoding and set the following:
"LowRate"=dword:0000dac0
"MediumRate"=dword:0001f400
"MediumHighRate"=dword:0003e800
"HighRate"=dword:0004e200
After reboot, you'll be in the MP3 business without third-party software.