Let's say, for the sake of argument, that most of the audibly crappy stuff in CODEC's are "glitches" that can be patched. What happens when you rip, say, a thousand CDs and they don't patch your codec for a year? Or even til the next day!

Do you re-rip
all one thousand discs again? What about the discs you've already burned- do you reburn them all again? I'm not trying to be argumentative, but no "patch" or update to LAME has ever resulted in
me being able to make 128 kbps discs indistinguishable from the original 44.1/16 bit original. Although admittedly I'm not the most savvy CODEC guy on Earth, although I'm pretty competent in computer matters.
I guess that's the whole point- Bill Gates & MS have changed the paradigm to the point that all consumers are really just Beta testers. Playback of wav.files may get better over time, but my wav.files don't need to be updated over the years. The same 20 year old CDs I have now will still work the same in another 20 years, with no need to "update/patch" them.
MP3 is almost completely useless to me simply because storage is laughably cheap now. Sure, it's still handy for portable use, like my example above (taking stuff to work).
NOTE: my above example is based on my brother's sad case. He ripped about 600 CDs to his HD only to discover after he did that his combo of codec/bitrate resulted in subpar sound. Now he's not a dyed-in-the-wool junkie like most of us, and he doesn't have particularly good hearing. But he is extremely PC savvy (studying at a tech school now). Unfortunately he must not have done enough research on the codec he was using (I think LAME, don't know any specifics). It took so long to do it that he decided it wasn't worth the effort to redo them.
