As far as a lossless solution to this problem... The format you want is FLAC. http://flac.sourceforge.net. Hardware is starting to support this natively now, and software tools have been around for a while.
I'm going to start being the FLAC evangelist around here, there are so many advantages to using a computer-based interface to access your music, and with a lossless scheme and the right ripper/soundcard/dac you can do no wrong.
I'm going to start being the FLAC evangelist around here, there are so many advantages to using a computer-based interface to access your music, and with a lossless scheme and the right ripper/soundcard/dac you can do no wrong.