Linux n0ob

Hi, I'm a Linux n0ob and I need your help.

I'm thinking of a PC source -> DAC-> Monobloc -> Speaker set-up.
I know what I can do with Windows, the question becomes whether Linux is a viable option or not?

PC source: Possibly USB interface, netbook or something small.
I would like to run a digital eq on the computer, make perfect rips to FLAC, read the entire album (or at least the entire song) into the memory before playback, send the digital signal straight to the dac without it having been compromised.

Is Linux the way to go?