Regarding your question about optical line in, I doubt that the Hi-MD unit you are getting has got a digital out - it is a long time since any sony portable MD unit had an optical out.
Quite simply, you use Sonic Stage 3 to upload over USB, which will then convert to .Wav for you.
For more information, take a look at the minidisc.org forums, in particular, this thread may help:
http://forums.minidisc.org/index.php?showtopic=7436As to whether PCM is noticeably better? I've been told it is, but my ear can't tell the difference, certainly not with the kind of music I tape. I would willingly sacrifice whatever slight loss of fidelity there is in order to keep the disc running rather than have to swap discs. Recording in Hi-SP mode on an 80 minute MD gives around 2 hours 20 minutes. On a Hi-MD disc, its over 7 hours.
Right now, I don't trust the Hi-MD discs due to having an error on the first one I've used - luckily it wasn't for recording a show - just putting music from CD onto to listen to in work.
I can only suggest that you try out the two methods using the same source at home, and see what you think.