It's called Limewire. lol hahaha just joking. How about iTunes? It can play CD's, extract songs to your computer, create mp3 & m4a files, burn CD's & audio DVD's & mp3 disks. It also arranges all your music into artist>album so it's easy to locate & if you share iTunes' Music Library it will display the artist>album for easy access. iTunes also uses smart playlists which can filter new music into specific playlists such as by artist or period (eg: 1980's music, etc.
iTunes music shared in LW
Get iTunes here:
http://www.apple.com/itunes/download/