QUOTE(Egor @ Apr 6 2008, 23:25)

QUOTE(Mike Giacomelli @ Apr 7 2008, 09:57)

No it works with WMA as well. See foobar2000 or rockbox.
No, it does not: the maximum peak level you'll ever see is 1.000000
I meant you can still use replaygain, though apparently the automatic clipping prevention feature won't work (unless you use ffmpeg as the decoder anyway).
QUOTE(dcorban @ Apr 20 2008, 19:05)

So, you are saying that every format has this limitation?
Every lossy format.
QUOTE(dcorban @ Apr 20 2008, 19:05)

In other words, none of them can 100% accurately reproduce the original waveform at its original peak levels?
Exactly. If the got every sample exactly right they'd be lossless codecs. The clipping is just quantization noise added by the lossy compression step pushing the signal level above 1.0.
The only way to avoid it would be to have the decoder apply replaygain automatically (which is probably not as good an idea as letting the user control it) or else to scale the volume before encoding so that its low enough that clipping becomes unlikely (lame can actually do this with its scale option).