I'm running Windows XP, and use Apple Itunes as my default media player. Unfortunately, when importing music, I chose the MPEG-4 format as my default setting...The thing is, the MPEG-4 format isn't compatible with any other media player...Anyone have any ideas on how to covert my music files, currently in the MPEG-4 format, to industry standard WAV, or MP3, format?

Pretty simple. Right click on the song in question in the library, and click "Convert selection to MP3".

clicky

The trial I think only converts 5min. But it works great. I used their video encoder for the Enclave video, which I converted from MP4 to ASF (Windows Media Streaming Audio).

clicky

The trial I think only converts 5min. But it works great. I used their video  encoder for the Enclave video, which I converted from MP4 to ASF (Windows Media Streaming Audio).

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Thanks for the replies and help! Actually, I don't like making purchases online, so I am still looking/hoping for a free converter...