2800 Albums, just over 1TB, no idea about the ALAC to 320 ratio...

Peachtree Nova has multiple digital inputs?

My bedroom setup   Macbook Pro 13" + 24" Display -> Apogee Duet -> Focal Duet CMS 50 Monitors / AKG K702 Headphones     Sitting Room - Arcam AVR100 Reciever - Arcam DV88 DVD/CD Player - Airport Express - B&W 603 s2 speakers     I'm not mega prissy about making everything...

Well my experience shows it not to be a problem.   It appears as a network drive - I save all my music there and stream to various Airport Express units, without a problem.

As well as having the automatic backup function, it is a wireless hard drive, so provided your comp is always on (which mine is) it reads from that.

Having read this thread, my setup seems like the perfect solution.   Office -> Macbook Pro - digital out - DAC - Amp   Sitting room -> Time Capsule - contains c.2000 albums in ALAC, this being the bulk, but not entirety of my music collection                    -> Airport Express -...