can you rip music cds with the ipod software "itunes"
 

see title...

yes you can!

is it the "import" funciton?

Hell yah you can. Pop your cd into the computer, press import, and once it's finished you've got your cd on your computer. Really easy. :)

where does it save the tracks to
or where can i change the output path?

it usually just saves them to your "library"