QUOTE(mithrandir @ Nov 15 2004, 10:54 PM)
Because storage limits are always increasing over time
...but so is my music collection!
QUOTE
I expect transparency freaks to stick with lossless (averaging 800-900kbps)
x3 for surround, x2 for "hi res" etc etc!
QUOTE
whereas everybody else will prefer moderate-or-low-bitrate (<128kbps) "good enough" lossy.
You could apply that argument to almost anything in life, but it rarely happens. It's like saying only junk and audiophile equipment sales should survive and cheap equipment gets better - yet millions still buy "mid-hi" (however you define that).
When is the 1000GB mini iPod due? 6 years? So until then, I have a use for transparent lossy.
When it arrives, you'll be paying extra for the HDTV output this device will almost certainly have (what else are normal people doing to do with 1000GB?!). I suspect good affordable audio-centric devices (for as long as they continue to exist, which may not be long!) will mainly be based around lossy audio, so there's great merrit to taking formats which give "very good but not transparent" audio to everyone, and using them to give transparent results.
Maybe the kind of debates we have at HA will seem less important, but they'll still be literally millions of people using low bitrate audio codecs at comparatively high bitrates to reach transparency. It's just so easy for people - it's an extension of what they know.
Of course you know the killer argument against what you've said? Even before mp3 was invented, people were already saying something similar! "Transport and storage costs will plummet, while capacity will rocket - why are you bothering with this lossy stuff? By the time you get it working, they'll be no need for it!" - yet the MPEG patent holders have somehow managed to make a profit on their pointless investment.

I predict this will continue. There's as much reason to have small "transparent" encoding, as there is to have smaller "very good" - your argument should do away with both, but I don't think it will kill either.
Still, I could easily be wrong - when do you want to meet back here and check? 6 years?
Now, back to the original question...

Cheers,
David.