I think that people overstate MP3's losses, and I agree at 320k that it's inaudible, but I can or at least have been able to tell at 128k, mostly with cymbals. Granted, cymbals aren't that common, but it's nice to not have them sound muddy. And, honestly, there just isn't a lot of reason to use MP3 for anything compressed today, other than maybe hardware decoding on very small devices and widespread support. There are open standards that are better.
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