A few notes concerning CEP2
regular mp3
There are now three mp3 settings within CEP: high quality, medium, and fast. In reality, they are all based on Fraunhofer's FastEnc codec, so they all encode very fast. The very slow "Alternate" codec appears to have been banished.
The fast setting does not lowpass, even at 128 kbit/s. The high quality setting is the one recommended by the program, and in fact, I don't see the need for the other two settings because normal FastEnc is already so fast.
The stereo collapse bug (which Cool Edit Pro 1.2 avoided, in any case) is now a feature, and may be useful for low bitrates.
Otherwise, the basic FastEnc codec does not appear to have been modified much, if at all. Pre-echo on castanets.wav sounds pretty much the same as it always has, and main_theme.wav still sounds as bad as it always has with this codec.
mp3pro
The interesting new addition to CEP2 is vbr mp3pro. At 100% quality, it apparently yields bitrates on the order of 130 kbit/s. If you play a 100% vbr mp3pro file through a regular mp3 decoder, the lowpass cutoff is 10 kHz. Otherwise, through an mp3pro decoder, the cutoff is > 20 kHz.
Newkid.wav using 100% vbr mp3pro sounds about the same to me as regular FastEnc cbr 128. Both have noticeable pre-echo. Castanets using 100% vbr mp3pro sounds worse (although not terribly worse) than FastEnc cbr 128. They both have similar (not too good) pre-echo, but the mp3pro has more "splattering" of sound outside the center where it should stay during the fast castanets section. This sounds like a last remnant of the "shaking rice" sound which is so terrible at 64 kbit/s.
Considering the compatibility issue of mp3pro, I probably wouldn't use vbr 100% personally. But perhaps people with very good high frequency hearing (i.e., above 16 kHz) might find it more pleasing than regular mp3 at 128.
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