There were some tests a few years back on head-fi where someone used a spectrogram to analyze lossless and v0. The compression artifacts were far above the range of human hearing, supporting that lossless and raw formats are empirically indistinguishable from a good v0 encoding. It got derailed quickly, and faded in to obscurity.
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above link to slashdot first hit after simply googling can you hear difference between lossless and lossy mp3, an interesting discussion with a range of opinions... it in turn linked to below authoritative sounding article (i'm not an audio/recording engineer or codec designer), questioning 24/192...
Edited by woophoria - 6/15/13 at 11:54am