Once you track out the files with CD Wav, you can compress to FLAC for free with FLAC frontend:
http://flac.sourceforge.net/download.html
Then seed 24/96 FLACs if you want to go that route.
This is a very simple program, only $40, for creating an audio only DVD-V with a simple menu. Just drag the tracked out .wavs into it:
http://www.audio-dvd-creator.com/
I have heard a huge difference between CDs and 24 bit DVD-As when just played back on a system consisting of a $300 receiver, $200 DVD-A/V player, and $300 bookshelf speakers. I agree, unless you are sending a coax or optical to a receiver or pre/pro from your computer, you aren't going to hear a huge difference on typical computer speakers with a 16 bit soundcard. If you had great computer speakers with a good 24 bit soundcard, that's different. But then there will be all the electrostatic noise and stuff.
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