What a letdown the Apple announcement was today. It seemed like all signs were pointing to hi-def music coming to an iTunes player near you, but I don't see it happening, unless they announce it in the fall with the iPhone 6... Which would be strange, as it would have to be a feature of iOS8's updated iTunes... And no such feature was discussed during iOS8's reveal today.
Could still happen in the fall... But I think it's now a hell of a lot less likely than all the reports predicted. Bummer.