Works just like you are hoping - I second Cytocycle, i would take a look at the Squeezebox before you spring for the Roku.
Read my post to a similar link for more detail. It's in Agon PC Audio Forum in a thread called Where Should I Start For Computer Audio
http://forum.audiogon.com/cgi-bin/fr.pl?icomp&1137286498&openflup&8&4#8
For simplicity, stay with iTunes and Apple Lossless - nothing to be gained by going to wav.
When budgeting do allow for a backup hard drive. You don't need it immediately but you'll want it after you rip the first two hundred or so CDs. The good news is you can get that 400Gb drive for closer to $200 - check www.newegg.com
Read my post to a similar link for more detail. It's in Agon PC Audio Forum in a thread called Where Should I Start For Computer Audio
http://forum.audiogon.com/cgi-bin/fr.pl?icomp&1137286498&openflup&8&4#8
For simplicity, stay with iTunes and Apple Lossless - nothing to be gained by going to wav.
When budgeting do allow for a backup hard drive. You don't need it immediately but you'll want it after you rip the first two hundred or so CDs. The good news is you can get that 400Gb drive for closer to $200 - check www.newegg.com