Which lossless format?

Sorry to create yet another ripping thread but I'm back to the old debate of WAV vs FLAC again. I have many rare expensive video game albums and I don't want to regret any decisions later on. Both are lossless. WAV is uncompressed with no metadata support and FLAC is compressed and supports metadata. Seems like a no-brainer but is WAV better for audio editing as it is raw L-PCM and doesn't require transcoding like FLAC would? I may eventually wish to edit audio, which is why I want to futureproof. What about platform compatibility across different computer architecture?

Should I archive in both formats and spend more money on storage drives? Will have to plan for plenty of storage redundancy.

Then the software to use? Exact Audio Copy, dBPowerAmp and VLC Media Player seem to be the most recommended. I need to start the learning curve soon otherwise I won't start at all. lfc jon said that he is no good with computers but in this area, I doubt that I am any more knowledgable, probably less so.

Very little of the data comes from the record companies, and if you happen upon something that does come from them the metadata is frequently atrocious.

The computer is guided towards online repositories which have CD data entered by ordinary folk like you or I, so smelling pistakes aren't unusual, punctuation occasionally absent, but more often than not the person ripping the CD manages to enter something that's comprehendible.

Mp3Tag is invaluable.

As for artwork, there are a number of places to go to find it.

Something I use is Album Art Downloader.

The WAV/FLAC conversation I refuse to get drawn into, as life's too short.

The data is ripped to WAV, then post rip converted into a smaller lossless package called FLAC.

If you're really paranoid you can compare checksums of the WAV and unpacked WAV.

I use FLAC because it makes for easier network handling with 24 bit files at high sample rates (176.4 & 192 KHz).

With CD spec stuff it matters less.