Instructions
Power on your PlayStation 3 and insert any audio CD into the disc drive.
Go to the Settings icon on the PS3 XMB (cross media bar).
Scroll down to "Music Settings" and press "X." Select "Audio CD Import" and select the MP3 codec. Then press "Right" and select your bit rate. (A higher number means higher quality.) Press "X" to save your settings.
Press the "Circle" button to return to the XMB and press "Right" to go to the "Music" icon.
Scroll down to the Audio CD icon and press "Triangle."
Select "Import" and press "X." The album will import directly to your PS3's hard drive.