As someone who has spent many, many hours behind both analog and digital recording gear, he is my point about the high resolution format. If your master was done in 44.1/16, it's not going to really get any better then that. We can reprocess the 44.1/16 to higher speed, and word length, but zeros and ones are going to be extrapolated (depending on software used) and while it could be a guess, the fill in the blanks are still a guess, even if they are probably correct. If the music is recorded in a higher digital resolution, like 192/24 to begin with and mastered down to the redbook 44.1/16 that is one story, and if it's downloaded to a computer in it's original, mastered state of 192/24, now we can compare 44.1/16 to the original 192/24. And the only thing that will be proved or not is if an actual hi res master sounds better then it's reduced redbook cousin. I think it also depends on the music, the recording engineer and the playback system. A remastering of a high quality analog recording to a high resolution is a different matter (and really makes sense).
At some point, I think we all can agree, the digital stream reaches that point of no return as any higher and higher resolutions will not bring any audible improvements from it's lower res cousins.
High resolution audio also offers other challenges, as they are really big files, and that leads to download time and actual hard disc drive space, tho a terabyte of drive now days is really cheap. In the end, the winner (and it already is) is the down loaded music format (at what ever resolution). CD sales are dropping like a led zeppelin, and down load sales are on the increase. Also, hi res files are not going to be exchanged at least by CD to CD down loads and in a way will stop music theft if (and when) more music is available in this format.
On a side line to this discussion is the failure of SACDs in general. Many comment that there really isn't any improvement, or at least not worth the increased cost. OH well.
Wayner