Up to 8 CD-Roms in one computer are allowed. Limited working off-line is allowed. A compromise solution has been implemented. If you are off-line, or the version has expired you will be allowed to work with 4 tracks. The off-line section has not been fully tested yet.
Defaults are on a per-encoder basis.
Will have Beta 1.04 ready any minute now. WAV Encoding, first pass, made it in. Currently, you have to encode one file at a time. Batch encoding will be available very soon. The only problem was that Blade and LAME were not being very friendly, so you must use Xing, or an External Encoder.