I've also been curious about this, too, since several bands I like release stuff on vinyl that is either unavailable on CD or really hard to find. If I ever start buying those records, it would be nice to be able to rip them once and not worry about wear from repeat playback. I remember Audio Technica's name came up quite a bit in the brief searching I did before.

Whatever you decide to do, let us all know how it turns out.