Yeah, I do mine in batches of 20 to 30 albums at a time too, but ripping is the easy part, it's pretty much automatic and places files in preordained folder structures, with the tags mostly already populated. Checking and editing tags if needed takes longest.
Just a point I found out (and is the reason for re-ripping mine), it is better to keep your archive copy in a lossless format. I keep mine in FLAC with a compression level of '3'. This seems to be the optimum compression level where file size versus processor power is at it's best. That is, any more compression takes a lot more time, for not much more reduction in file size. Compression level of '0' will actually end up larger than the wav file anyway, because it also contains tags.
Compressed FLAC is still lossless and is not like MP3, which uses psychoacoustic algorithms to remove some of the music data deemed not as important/noticeable to the listener, to give an even greater reduction in file size.
Once the flac files have been checked via MediaMonkey, to make sure the tags are accurate, and to embed a cover graphic (which I do manually because I'm a tad OCD), I get MM to generate a copy in MP3 format @ 320Kbps to use in the the car, where the quality of FLAC is wasted anyway. This is done by batch, of the 20 or 30 albums at a time, with a couple of mouse clicks. The FLAC files are definitely better to listen to, streamed via a Raspberry Pi mini computer, into my home stereo though.
You can always encode from your lossless FLAC files to lossy MP3 files when your USB devices die too, but it degrades even further if you go from a lossy format to another lossy format.