How do I convert iTunes Audiobook to mp3 or another format?

Using Audiobook Transformer is easy:

1. Install the included Virtual CD-RW
2. Launch iTunes
3. Create a new playlist for the audio book(s) you want to convert
4. Drag the audio book tracks into the new playlist
5. Launch Audiobook Transformer
6. Select the play list that you want to import from the popup list
7. Select the format that you want to import from the popup list (MP3, AAC, Apple Lossless, AIFF, WAV)
8. Click the Convert button

Audiobook Transformer does the rest for you. When the operation is complete you will have a new playlist in iTunes that contains the imported files. In addition to converting the audio books you can have Audiobook Transformer automatically keep a copy of the Virtual CD Disk Images and, if you buy the bundled copy of Virtual CD-RW, it can mount those disk images for use at any time.