I don't see an option to extract to single waveform.
Is there a way to do this in CS5.5?
Most of the cd work that I do is for church sermons.
Commonly, we will need to create a single .wav from the cd recording (or multiple cds, if a longer sermon).
Obviously, for a music cd, you would want separate files, but not for speech.
After you have extracted the tracks from the CD, you can use File > Open Append > To New. Then navigate to the folder on your hard drive where the wav files have been saved, and multi-select the wav files by holding down the CTRL key as you click the files in the order you want them. If the files are listed in order already, you can click the first one and then SHIFT-click the last one. After clicking OK, one waveform is created. There will be markers dividing the sources as was done in version 3 and earlier.