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Hi Rudolf82,
ATRAC3 was the latest version of the codec used (most famously I suppose) by MiniDisc. However, if you still use a copy of Sony's software 'Sonic Stage' (a bit like Sony's version of iTunes I guess) then you could use this to rip (record) your CDs into ATRAC format and then use the software to create an ATRAC CD that would then hold quite a lot of albums on one disc.
The CDX-S22 would also handle other formatted CDs though; for example with MP3 music if you're just trying to create a compilation CD with many tracks/albums on it.
Don't know if that answers you question?