so in other words, the only way I can get the midi track to wav is to plug into my sound card's input and rerecord the track as audio? It would seem that that would degrade the sound quality.
That's how its done with keyboards, guitars, bass, microphones, etc. Most keyboards produce very high quality sound. As long as you use good shielded cables it should provide a clean recording. Also some keyboards have S/PDIF or optical digital outputs. It also helps to have a good soundcard or audio device on your computer. If you're not happy with your MIDI keyboard's sounds, try the softsynths that come with Sonar. You might like those better.