Download Exact Audio Copy. Rip your music into one big file, compressed with whatever format you want, and have it create a CUE sheet. Then use whatever utility works for the compressed format you chose to create the individual tracks. I'm not sure what formats work well with CUE sheets, but I use APE.
So I would have EAC rip the CD to one APE file and create a CUE sheet. Then the Monkey's Audio Compressor can take that CUE sheet, and generate multiple APL files. A CUE sheet basically just lists the beginning and ending points of an individual track within an album length audio file. And the APL files basically just point to their respective sections of the album.
So if you had Album with Tracks 1 - 10, you would end up with Album.ape and Track1.apl - Track10.apl. Then you import the APL's into MJ. When you play back the APL's in MJ using gapless playback, it will be truly gapless.
I realize this is a pretty messy description and for that I apologize, but I'm at work.