The guy's house I went to when I auditioned axioms in 2007 had a squeezebox and I was pretty impressed.
I wouldn't count on Rhapsody providing you with very good recording quality. I suggest you build a digital library in FLAC format and stream that to whatever receiver you decide to buy for pure lossless m80 awesomeness.
I rip all of my digital library in FLAC via a
Vortexbox Appliance, serve it up through Squeezebox and am extremely happy with both the ease of ripping and the sound quality. It's totally plug and play or if you want you can build your own
Vortexbox with the free software provided.
