Uh,..... Fire up EAC and go to File | EAC Options | Directories
there, you can specify where to put the wavs that are ripped.

Then go to: File | EAC Options | Filename
to see the very robust file naming tools.

In the naming scheme box I put:

%A\%C\%A - %Y - %C - %N - %T

This makes a folder in the above specified directory named by "CD or track artist"
In that it makes a folder for "CD Title"
and in there I get all my wavs named Atrist - Year - Album - Track number - Song Title.wav

Then go to: File | EAC Options | Tools and check the box that is labled "On extraction, start external compressors qued in the background" and set it to "Use 1 simultaneous external compressor thread.

Also be sure to go to File | Compression Options | External Compression
to tell EAC where lame.exe is.

Once you've don all that,
You just fire in a bunch of CD's and after each wav has been sucessfully ripped, they macigally get compressed and tagged one by one into the above mentioned directory/filenaming structure.

Of course you might want to go through an make sure your tags came out OK.
I make it a habit just to go through and clean them up, if need be.