After following the discussion in the 128 kbps listening test thread I wanted to check what Sony actually claims. I stumbled on this page:
http://www.sony.net/Products/ATRAC3/tech/aal.html
I have never heard about the format before. The part that describes extraction of ATRAC3 or ATRAC3plus data from lossless ATRAC files is especially interesting.
If it can include a small lossy version in the standard ATRAC3(+) format without increasing the lossless size and can separate a lossy file without delay, it would be something not seen before with other formats. For example, Wavepack Hybrid is quite different because it has two file componets and the lossy files are big and not usable with portable players.
Edit: removed my guess and edited a bit. I think Sony really claims what I wrote above.
