Most of my ripped CDs are in AIFF, except for the special ones that get a WAV copy.
FLAC, as noted, is not supported by iTunes. I use Pure Music, which does support FLAC via iTunes by creating a pointer to the files. I believe the only caveat is that once you import the FLAC files, you can't move them without breaking the link. Not a big deal; I just keep all FLACs in a special folder.
You could go with WAV, but there goes your metadata.
FLAC, as noted, is not supported by iTunes. I use Pure Music, which does support FLAC via iTunes by creating a pointer to the files. I believe the only caveat is that once you import the FLAC files, you can't move them without breaking the link. Not a big deal; I just keep all FLACs in a special folder.
You could go with WAV, but there goes your metadata.