Pretty much all the music I listen to in my home is MP3 or MP4, using Itunes on a computer streamed to my stereo. I have compared these formats to higher density formats like FLAC, or with CDs, and have done my own blind comparisons. Every format pretty much sounds the same, now that I've filtered out the confirmation bias. The biggest determining factor over what sounds good is the engineering of the original recording. A poorly mastered album will sound like crap in any format. Where people should be investing their money to please their ears is in quality speakers and amps. I'm through changing formats or buying new vinyl.
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