QUOTE(nightfishing @ Nov 20 2006, 18:34)

I can't help you with the wireless part, but....
The option I have gone with is a usb/firewire sound card. I assume you are looking for an audiophile-quality transfer and will be dealing with lossless files. If you are looking to use lossy codecs, then you are putting too much effort into the signal transfer, the quality will be limited by the original files regardless of what method you use.
If you are using a destop, the setup is pretty straightforward, There are several reasonably priced 24/96 cards that will do the digital/analog conversion for you and then you can send that to your receiver.
I have run several incarnations of M Audio 24/96 cards and the sound is dead on with high end CD players. I have a modest setup in my studio running a MAudio Audiophile 24/96 currently thru an Adcom Preamp/Amp and some Mirage speakers and love it. i wanted to do something for my living room, which I wanted to be much more compact (as transparent as possible)
My new setup is running off a laptop thru a USB card into a HK Prea Amp/Receiver into BA 100s. As long as you have the processing power to ensure smooth playback, the sound is as good as it gets. The only "wiring" to deal with is a usb cable going from the laptop to the card which sits on top of my preamp/receiver.
The "kink" in the laptop setup is the disk space required for lossless files. But, I've been thru this a thousand ways and this is the simplest solution I have found that satisfies my ear and my budget.
I had considered an ICube with stackable external HDs, but the price point went thru the roof. I considered building a "micro" tower, but I diodn't want to add another piece of furniture to my living room (LOL).
So, the plan of ripping 1100+ CDS and 400 LPS losslessly and having all the tracks at my finger tips is still a bit of a fantasy, but at least I have a few hundred Gigs of music in my Foobar playing on both levels of my house :-)
Sounds like a wicked setup. Unfortunately, for my needs, wireless is real important. I am buying a new home, and the configuration of the space really screams for such an approach. I want to maintain wireless connectivity while trying to avoid sacraficing sound quality.