Oh man, don't do it. If you're already lossless, stay that way. It's true that if you have the original CDs you've got a lossless backup, but the problem there is the time it would take to re-rip and retag all the darn things. I've got ~2500 albums ripped to mp3. Ripping and tagging all these (I'm crazy-obsessive about my tagging) took years. As in more than one year. As in long time.
When I started none of the lossless solutions were very attractive (wavezip, anyone?). Had I been smart, I would have looked at how the wind was blowing and waited a couple years to for quality lossless tech. to arrive.
Reincoding from lossless formats stinks any way you cut it. If you've been ripping to lossless you should congratulate yourself on your forsight and buy a new harddrive.
QUOTE (Digisurfer @ Oct 14 2004, 05:29 AM)
I know hard drive space is cheap (well, sort of anyways) but it dawned on me that there really is no such thing as truly lossy as long as you have the original CD's.