I use Sound Forge for all audio processing tasks except burning a CD. SF only supports Track at Once burning when most of the time I want Disc at Once so I use Nero for burning.
I rip CDs I purchase so I can have a digital archive of all of my music. It is often necessary to edit tracks from a CD so I rip them and edit as necessary and then save the result in WAV format on an external hard drive. I can then use those pristine uncompressed copies to transcode to other formats, like MP3, or assemble a compilation CD without the need to ever re-rip the CDs.
SF allows you to rip the entire disc to one file, rip by individual tracks, or rip by time. It will not rip and encode in one shot as many people seem to want to do, but I don't want it done in one shot because many tracks need to be edited.