QUOTE(Mayank Jha @ Aug 6 2007, 12:48)

I was looking for Best lossless codec following are the requirements
1. No Constraint on space
2. Only Quality is important
Ad i choose FLAC as a format to RIP all my CD's (Just completed my 1 month project).
Here are my questions
1. I used Easy CD DA Extractor for FLAC ripping - Is this software known for some problems when converting into FLAC. I choose this because is connects to freedb and gets the titles automatically (No Need of typing)
Did i made the right choice in terms of Codec and ripping Software? (Dont want to do the ripping process again)?
ripping software: EAC (with secure mode) is a better choice for cds that are damaged, but if yours are perfect, there won't be a problem with any other software. EAC supports freeDB too.
listen to your music, and if you find errors from cd extraction, you can rerip those albums. if you discover several of them, you might consider reripping everything, but i really think this is not necessary.
EAC is better on damaged CDs but it can't work wonders either.
lossless codec: even if it turns out you didn't pick the right codec for your needs, you can still convert it to another lossless format. lossless to lessless is still lossless. you can convert between them as much as you want.
your choice: FLAC
as you are not worried about hdd space, you don't need a strong compression, but a factor that nobody in this thread talked about is decoding speed. FLAC is known for having a very good decoding speed (only TAK can offer the same, with higher comression) which means that you don't need a lot of cpu power to play back music. it may matter less on a strong machine, but still, if you don't care about compression, the thing to think about is decoding speed.
as FLAC is the most popular lossless codec you got the best support everywhere you go.
and FLAC is FREE
i think you picked the best codec for your needs