Today, LAME is considered the best MP3 encoder at mid-high bitrates and at VBR, mostly thanks to the dedicated work of its developers and the open source licensing model that allowed the project to tap into engineering resources from all around the world. Both quality and speed improvements are still happening, probably making LAME the only MP3 encoder still being actively developed.
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MPEG1,2 and 2.5 layer III encoding.
CBR (constant bitrate) and two types of variable bitrate, VBR and ABR.
Encoding engine can be compiled as a shared library (Linux/UNIX), DLL ,
Directshow filter or ACM codec (Windows).
Free format encoding and decoding.
GPSYCHO: a GPL'd psycho acoustic and noise
Powerful and easy to use presets.
Quality better than all other encoders at most bitrates.
Fast! Encodes faster than real time on a PII 266 at highest quality mode.
MP3x: a GTK/X-Window MP3 frame analyzer for
both .mp3 and unencoded audio files.
Many improvements in quality in speed over ISO reference software. See