I just downloaded the beta, and i tried encoding some .wav files i had on my desk top, and let me say, this sounds good. Initially, it sounds very similar to mp3... I'll do some more listening this week, but it would be interesting to see what everyone else says about it. I want to say that it sounds better then mp3, but i dont want to jump to conclusions yet. I mean, it sounds great, but we'll see how much better it is at the same bit rate, or lower.

-CHiP