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WAV has been around forever. Audio CD's are actually WAV format - if you just "rip" audio tracks off your CD's onto the hard drive with no conversion, you will have WAV files (BIG wav files - figure 8 megs a minute). MP3 was around before WMA. WMA is actually Microsoft's answer to Real Audio, and has been around for a while now.
You would be better off ripping your CD's and converting them to MP3 (1 meg a minute), as there are several players on the market that support it. There is a small loss in quality converting WAV to MP3 or any other compressed format.
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