Well, lots of good reading. From what I have read at this point, I still haven't heard of an easy way to convert my LP Album collection to wav lossless format. I have elected to stick with wav files because storage is just not that expensive these days. I'll just buy more hard drives when I run out of space.
Again, I have used three or four different third party apps to accomplish this. The end result is a wav file in lossless format. I don't have any complaints about the quality of the wav file. The real issue for me is the time involved, as it is mostly a manual process. You can either take the time and do one track at time, or record an entire side of an album and then spit it into tracks using the software. Either way takes a considerable amout of time.