thanks i actually found a site offering a free download of the codec itself ... pretty useful and a nice small download (combined with DiskWritter plugin built into winamp).
http://www.minidisc.org/atrac3.zip
my conclusions. LP2 aint bad. LP4 .. well .. it'd be great for spoken content (ie: comedy .. which I supprisingly listen to quite a bit of). LP4 as a music medium ... HAH .. maybe if I was completely clueless about how music should sound.
I am strongly considering getting a NetMD player. Seems like the best solution for my budget ($50 *See cheapskate thread* ..... even though i would probally have to go a few more dollars to get one online). Certainly a lot less bulky than a pcdp/mp3pcdp and has that geewhiz factor of being a minidisc (something about the medium always appealed to me both visually and conceptually). All in all the atrac codec ain't so bad. I mean, it doesn't really make sense when compared to mp3 .. but the fact remains, there aren't any minidisc players supporting wma/mp3 directly.