Audio question. I would like to buy some music online. I have the choice of FLAC or MP3. I would like to go with FLAC, as it's a lossless format, but I don't know if iTunes or my iPod will handle it, nor do I know what will convert the FLAC file to a high quality mp3.

Second, I've decided I need a rock star life style. Unfortunately I have no musical talents or abilities. Please advise.