E.g. click Tools | Convert Audio Format, click Format: WMA, click Settings, click Audio codec: WMA Lossless. See that the Type of bitrate, Bitrate, Sample rate, and Channels lists are unpopulated.

Hence the user is unable to make WMA Lossless settings.
Audio codec: WMA Lossless can shows left-over values from Audio codec: WMA but it does not use them upon the rip/conversion.
Type of bitrate should be fixed (VBR), Bitrate should be disabled, and 'Sample rate' and Channels should offer choices. Here are the choices of WMA Lossless on this machine (Win XP SP2 + Windows Media Format 11
WMA 9.2 Lossless, VBR Quality 100, 44 kHz, 2 channel 16 bit VBR
WMA 9.2 Lossless, VBR Quality 100, 44 kHz, 2 channel 24 bit VBR
WMA 9.2 Lossless, VBR Quality 100, 48 kHz, 2 channel 24 bit VBR
WMA 9.2 Lossless, VBR Quality 100, 88 kHz, 2 channel 24 bit VBR
WMA 9.2 Lossless, VBR Quality 100, 96 kHz, 2 channel 24 bit VBR
EDIT: originally 1173, reproduced on 1256
Tracked at http://www.ventismedia.com/mantis/view.php?id=5965
