Yeah, that would do it from what i understand. You'd loose EQ settings and dimmer and that stuff, but the muzak is what's more important to most people. Or just do the smart thing and buy an 80-100 gig drive just for music on your PC, organize your songs correctly, and never worry about your empeg crashin'. =]

That of course doesn't answer the question about making an image file. You could always just do a mirror as Mark Lord touts... just do a search for Mlord and mirror.