Funny, in my case, at least LAME SHOWS up (actually both LAME and MPEG Layer-3 selections show up) in both RB and PT's (and it works in all other apps)
HOLD that thought: do loop until...
ok I'm back
use this as you see fit and AT OWN RISK
(It FIXED my issues anyway and now BOTH Lame and MPEG Layer III work in PT, RB, - note that LAME always worked in other apps during this problem investigation)
http://www.komeil.com/blog/enable-fraunhofer-mp3-l3codecp-acm-windows(it will get you to a file "chortkeh-fix-mp3-codec.cmd" which is a simple registry "hack")
As an FYI - I remember about 8 months to a year ago Windows Media center/player was giving me fits (another TOOL I seldom use).
It would hang up, not play, it was the proverbial "intermittent" so I simply UNINSTALLED, cleaned up, and did a fresh REINSTALL of WMC and its components AND ANY updates.
After the ABOVE fixed my issue (I did some back tracking, I looked at each affected registry line, before and after) and I NOW suspect MS "fixed," doing that install and update, my ACM "stuff" to PROHIBIT Fraunhofer ACM (even though I was licensed from another source for it)
but in any case my issue is resolved
Good Luck
Larry