Correct me if I am wrong but I think the "lack of tagging support" of WAV and AIFF is an urban myth from days long past. AFAIK both these formats allow one to append RIFF boxes containing an ID3v2 metadata tag.
The problem is that those extra RIFF blocks can break format compatibility with players (dumbly coded ones, certainly) that don't understand them. The RIFF format all along had the ability to add INFO blocks, and reading applications and libraries should ignore any block they don't understand, but a bunch of them are (or at least, back in the day,
were) dumb for various reasons, and you could make WAV files that existing applications won't read correctly. Sometimes they do dumb stuff like play them as static, or refuse to read the files at all.
I know all of that was, at one time, completely real. I do, though, strongly suspect all of this is long-since slipped into "legacy" realm though. I don't have any kind of current list for where they work well and where they don't to spit out (though I suspect that making a list like that is so impossible is some of the concern).
Certainly all modern "players" worth anything will be fine with them. But, perhaps the only "real" advantage of WAV is that it "just works with everything", even old dumb stuff. There are lots of other
kinds of applications can use and accept PCM WAV file sources beyond things like "music players", so if you do tag them like you can a FLAC or APE file, then you're
maybe giving up that one benefit. So... Meh?
It is certainly a fairly crufty and old file format, written inefficiently to disk.
For the record, I use FLAC for stuff I care about, and -V1 MP3 for stuff I don't care about.