I've not even heard of any new "mp3 formats" besides CBR, and VBR, there is only one stanard format. and unless it's signifigantly better than current stanard, audio quality, size, and copyability, i have no intention on going through the effort of re-encoding my current collection.

12gig red mk2 -- 080000125
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80gig red mk2 -- 080000125
(No, I don't actually hate Alan Cox)