QUOTE(5point1 @ Nov 5 2004, 09:48 PM)
Once a .wav file has been converted into an MP3, regardless of bitrate, is it possible to do anything to the new .mp3 file that will enhance or improve the quality of it?
other than use e.g. MP3Gain to avoid clipping: NO.
QUOTE
I assume that using some software such as Cool Edit, SoudForge, Waves etc., that something should be possible...
possible, but not to improve objective quality. using an audio editor on an already encoded file involves trancoding almost all the time, which is bad. you might not notice the degradition though, depends on your hearing.