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Over half of my music library is Classical. I've ripped CDs in the past in both .wav and .mp3 formats and couldn't hear a difference between the two on my home sound system, even when the mp3s were ripped at only 128kbps (I rip at 320kbps). I use mp3s rather than a lossless format because it's still the most compatable format for players, such as the one in my truck. I can put more mp3s on a CD for playing in my truck (my next truck will be able to play music from a flash drive but will still be limited to mp3s). Since they sound the same to me, I see no sense in keeping more than one format of my music so I keep only mp3s.
Most hardcore audiophiles prefer vinyl but I strongly suspect the reason has to do with nostalgia rather than an actual improvement of sound. To me, the so called warmer sound was a result of an imperfect reproduction of the original sound, something easily reproduced from a CD with a good equalizer (the one in Media Monkey isn't too shabby). I personally do not miss vinyl; it was a pain to handle, easily damaged, ate up too much room, and just didn't sound as good as modern CDs and even mp3s.
I strongly suspect the problems Annie was having was solely due to using an outdated version of Media Monkey and a lack of familiarity. I've been using MM for several months now and I'm still learning how to use it.
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