I use iTunes to manage roughly 7800 tracks... Lossless vs MP3 format... I have yet to see where this is a reason why someone who doesn't play on hi fidelity systems would opt this path... For me to purchase my library in a lossless format would be into the thousands and for what when I side by side on my studio monitors the difference it unnoticeable to a trained hear that has experience with Hifi.... This why I don't care much for the argument.....
That being said anything below 320k MP3 or 256aac is not acceptable... This is kind of a really bad situation for guys that have a huge vinyl library they converted to MP3 prior to 2003 as up until then 192k MP3 were considered superb quality in most circles... I for one was stupid and when converted by once very expansive vinyl library and promo cd library to MP3 I did so at 192 which mean they are now worthless on most anything that provides even marginal sound quality:.... Hate it if you will and I have been slowly switching my library to wav but it is very expensive and very difficult to find at times
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