I did a test on my home theater system($8000.00 speaker system) between 320 MP3, 320 AAC, 320 ATRAC & straight from CD. The CD by far was the most clear with the AAC barely beating out the ATRAC and MP3 the absolute worst. I likened it to a scuplter made out of marble(CD) to the same sculpture made out of Lego's(MP3) Original was just more rounded with a cleaner, more distinct high end and a much fuller low end. I can definitely hear a difference between 192 & 320 MP3's on just about anything except laptop speakers.
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