[Jaruzel]

This is exactly my point of view also. I have 1,100+ CDs all of which are ripped to WAV[1]. In my car I have a duplicate copy of the collection converted to MP3s, as that's what my car audio system will read. When I used a portable music player, that was also MP3. However if I get a new car or a new music player, that prefers ogg, or some other codec, I can go back to my source library of WAVs and create a whole new set of lossy tracks in that new codec.

As far as people saying 320k MP3s vs Uncompressed WAV or FLACs sound no different, then they simply are not using good enough audio equipment. Throw into the mix the Hi-bitrate audio files that are becoming quite common (and you really can tell the difference between standard CD audio and hi-bitrate) and MP3s start to look completely unsuitable for long term music storage.

Also... don't get me started on the rubbish quality of streaming and DAB radio.

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[1] I started with WAV 10+ years ago, and kinda stuck with it - storage is cheap; I feel no need to change formats just yet.