QUOTE(countryman @ Nov 13 2006, 05:50)

Is lossless really as good as wav?
I understand that in theory FLAC is lossless and therefore should be as accurate as the original wav file. However, given the extra processing required to ‘unpack’ the data on replay, does FLAC really sound as good? I am about to rip all of my classical CDs to hard disc for use with Foobar and a Squeezebox3 and want to get it right!
I've tried WMAL (Microsoft), ALAC (Apple), APE, Shorten, WavePack, FLAC, even RAL (RealAudio), and could not choose among them on the basis of sound quality alone, nor could I tell any of them from the original WAVs from which I encoded. Some are more efficient in their compression, some are faster than others in either encoding or decoding, some have such features as streaming and multi-channel support, some have error-correcting features, some have better hardware, software or OS support than others, yada, yada...
I chose FLAC because of its robustness, relatively high speed, tagging and streaming support, and best of all, it is open-source - not tagged to any evil empire like Microsoft or Apple. And since I run both WinTel and Linux boxes, OS support is important to me and FLAC can be used almost anywhere. If you have the balls to write over the firmware of your iPod, you can even use it there, too, with the help of Rockbox.
Since you are a classical music lover, as am I, consider getting the something like the Olive Symphony music server. This is a high-end CD player/burner/ripper with a hard drive-based server with software designed for classical music listeners. It rips CDs to FLAC or MP3 directly and stores them on the hard drive for direct playback. The company also offers units that have streaming servers as well. These units are not cheap, but their quality is absolutely first-rate, and of all the lossless formats out there, they support FLAC.
Check them out at
http://www.olive.us/p_bin/?cid=01_01_explore.
Lastly, this is purely anecdotal and unscientific, but audiophiles in the self-styled "golden-ear" club - I'm talking about analog-forever diehards who only recently bought CD players because they've finally gotten "good enough" to be called hi-fi; guys who own no furniture but drop SIX GRAND on a TURNTABLE - generally do accept FLAC as "CD quality", if not quite as good as the best vinyl.
Take that for whatever it may be worth to you.