Thanks everybody for the feedback and suggestions.
Ejlif had told me some time ago about how he used the Masterlink and how the recording in the end was better sounding than the CD you could buy in the store. This really intrigued me as I love my vinyl setup and I love the sound of vinyl. I would rather buy vinyl and listen to it than anything else. I don't always have the time to listen to vinyl though so the next best thing is to record it. I can then have it in iTunes to play back through my HiFi or on my iPod to listen to on the road, at work, etc.
It seems that bands are catching on to this notion of vinyl. Wilco's release, "Sky Blue Sky", included a CD when you purchased the vinyl. Low's release, "Drums and Gums", included a coupon to download the MP3 version. Both these approaches are very cool, but not quite there. Ideally, you buy the vinyl and get a coupon to download the lossless files. Bandwidth is cheap and prevalent. I'm sure there are many arguements against this but this is what I'd like to see. But I digress...
I will report back to this thread once I have something up and running with PureVinyl.