Quote:
Originally Posted by silentsim
It doesn't replace it, but you technically can delete yours and download a higher quality version from the cloud (assuming the file was matched and not uploaded)
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Correct. Will be testing this today

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I've also found some good guides to creating smart playlists to help you quickly bring your matched library up to the higher bitrate spec, such as:
http://www.macworld.com/article/1636...atch_fast.html
From what I've been reading, its best to work in relatively small batches - people have had issues with the Mac running out of temporary space when upgrading, etc. You also want to be very careful, if you have a well organized library, that the stuff is coming back down in an orderly and properly tagged fashion. No sense in destroying your carefully curated library by deleting and re-downloading thousands of songs at a time and having it not go well.