Can't believe you guys do it one CD at a time.
Easier and cheap answer:
Buy a Sony VAIO VGP-XL1B off of Ebay for under $200. Hook it up to a PC with a Firewire interface
running Windows XP (NB: needs to be XP - problems with Windows 7/8).
Load up 200 CD's.
Run dBpoweramp batch ripper (yields about 15-17 CD's/hour).
Sleep while your CD's rip to FLAC.
Repeat 200 till finished.
Sell the VAIO to somebody else for $200.
Put windows XP machine onto free stuff on craigslist (don't forget to remove your hard won audio booty).
You're done. Viola.