I'm jumping into this thread now too.. regarding your statement about a guy who can't tell the difference should not be mastering and stuff. I got a close friend, examined sound engineer from a respected academy, the studio blue(stockholm).
The group of studio blue and their studio is regarded as one of the best in Europe.
http://www.studioblue.se/studion
He and the others at the studio all say you can't hear a difference between a GOOD mp3 320kb and WAV, remember some mp3s sucks even if its 320kbit due to made in a shitty software.
I have been there too, doing blindtest and got the same result, could not pick out the wav.
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