getting there...
Thanks, hoosterw.
I am beginning to see what you mean. When I switch back and forth between the same track sampled at the two bit rates, I fail to pick out particular differences. I'll find some feature that is just barely audible at 320, then go see if I can hear it at 128. It is always there. Also, the quality of the bass or the clarity of the high notes, these things aren't clearly different to me at the different rates, when I switch back and forth quickly between them.
However, when I listen to a whole CD imported at 320, I am simply more "into" the music, more caught up in it, more satisfied, than when I listen to a CD that I have not yet re-imported. I am very dubious about vague comparisons like these: for the most part, I believe if you can't point to it, it doesn't exist. We are all so easily fooled. But, on the weight of experiences like these, I am starting to see what you mean. It's as if there is more ambiance or something at the higher bit rates.
I recently pre-ordered a headphone amp (Ray Samuels's Hornet), and I am hoping (among other things) that this might finally make the 128 vs 320 kbps distinction more readily apparent. What are your feelings about amps with your shure e5's?