I say FLAC, for a couple of reasons.  The Squeezebox decodes it
natively, saving bandwidth and preserving FF and REW capability.

Also, I would be leery of keeping my data in any proprietary format. 
We really have no idea what happens under the covers when audio is
encoded to WMA Lossless or what kind of identifying information it
might embed in your files.  Now suppose your house is broken into, your
music server is stolen, and then files which are traceable to YOU start
appearing on file trading sites.  You could be arrested as a major
piracy source just because you chose the wrong file format.


-- 
Pale Blue Ego
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