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As a subset of ChzHeadParrothead's other thread, I'm curious what applications people use to manage their audio files.

Also, Media Monkey seems to be a favorite out there and looks good from their website. How well does it help cataloging, organizing, and labelling those concert collections we all love that are not production sets with known data (ie; album names, track names, and other tags)?

Media Monkey is perfect for this. For example, if you rip a concert from a CD, the tracks probably aren't labeled. MM makes it very easy to label and tag files. MM has saved me literally hours in time labeling and editing shows. Very simple also with MM to convert files, and level the volume for your tracks. Leveling is so all tracks play at the same volume through your player of choice. I highly recommend MM for people with large music collections.