Here are the very very simple steps to remove the DRM easily.
- Goto iTunes and first record all the songs you want into an audio CD. This can be done with Nero, I Tunes, or Windows Media Player.
- Now take that CD and then rip the Audio CD back to MP3 it will then be free of DRM.
P.S: Those who have upgraded to iTunes 7.2 , donot use it to rip back to mp3. Use any other software like Nero or Windows Media Player.