well for using a lossless codec, my preference is FLAC, i use it as a medium when i want to rip a batch of cds quickly with tags. i use cdex and my string with flac.exe is
CODE
- -o "%2" -T "artist=%a" -T "title=%t" -T "album=%b" -T "date=%y" -T "tracknumber=%tn" -T "genre=%g" -0
some other posts have the string except they left out the '-' at the beginning which is necessary. if you're using EAC the values in quotes will be different. Or you could use WMP and rip to wma lossless if that suits you. i havent used APE like this so i can't say anything for that.
After that use special installer foobar2000 and additional components and it can convert to mp3, mpc, aac, ogg (everything except wma i think). If you're going to ogg i recommend OGGDropXPd as it seems to go straight FLAC->OGG with no wave file.
I haven't used frontah before, one of sinan's recommendations, so that may be simpler.
Hope you settle on a format soon, i know what its like to rip your cds and afterwards deciding to switch formats