I don't think copying the cd to your own iTunes is illegal. I think it's sharing it that is? But I honestly have no idea. I don't have a cd drive anyways.

I have a 6 cd player in my car which is funny. I bought some cheap cds to play in it for when my blue tooth decides it doesn't want to work (happens sometimes). I hope to be getting a GPS system soon so I won't have the cd player much longer.