AIFF Codec

What are the good and bad aspects of AIFF?

I understand that it takes up space, but hard drive space is inexpensive and I like the idea of having my music stored in a uncommpressed format.

It also seems that AIFF is widely accepted. From my research, Apple iTunes, Microsoft Windows Media Player and other popular media software support AIFF.

It also appears that AIFF supports "meta data" correctly, unlike WAV.

I like the Apple Lossless and FLAC formats, but iTunes doesn't support FLAC and very few media players support Apple Lossless. Both are great codecs, but I want to have a more open and flexable codec.

I also like the ability to use iTunes on my Macs and the Apple AirPort Express (AirTunes). I have a great CD player, but use it less and less the more I use iTunes, especially with the new Apple Remote App for the iPhone/iPod Touch.

Any comments and suggestions are welcome. I've been "lurking" in the Audiogon forums for the last few years, but this is my first post.

I appreciate your time. Thanks.
If I am not mistaken, AIFF is identical to the files on CD. At least that is what I see when loading a CD on my Mac. I had always configured iTunes to import my CD's in AIFF format for archiving. But lately I have been experimenting with other available formats just to see if I can discern playback differences. Of course there are differences, but for concerns of storage/archiving, I would stay with CD's native AIFF format.
I am currently experimenting w/FLAC using the Freebie version of Winamp. Ripping to my HD and than, as I get about 4.5gb, I copy to DVD for archive purposes.
In the future, if I begin internet downloading, this may change.
Long term goal is to run a coax from confuser to D/A at stereo.
FLAC can reconstruct a Bit-4-Bit copy of the original. And save maybe 45% of the original file size.
This Codec is supported by the frebbie version of Winamp, among many others. Name your poison!
I was under the impression that AIFF had little or no tagging/metadata support. If it does, would it be the best way to have uncompressed audio and still get all of the track/album info as well? I started out with WAV, but switched over to Apple Lossless in my iTunes/Sonos setup because I couldn't stand only being able to navigate in a folder structure alone (i.e. couldn't listen to my library by genre.)

BTW I stream wireless to the Sonos which feeds a PS Audio DAC III then on to a Parasound P-3 pre and Nuforce Ref9v2 monoblocks driving ACI Jaguar monitors.