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Forgot to mention vorbis. Vorbis is fantastic. It exceeds wma aac and mp3 by miles. The only bad thing about vorbis is at low low bitrates it sound atrocious. Id rather hear 64k wma then 64k vorbis. The artifacts are bizzare at that bitrate. Another sweet thing about vorbis is you can set the encoder up as high as 500kbps and that IS truly transparent.
i always forget about Ogg Vorbis. it is definitely a great format. and it will play in Quicktime and itunes if you download XiphQT for free.
http://www.xiph.org/quicktime/
oh, and to make Ogg files from FLACs or other audio files, and you're on a Mac, there's an AWESOME free program called Max.
http://sbooth.org/Max/
Max rules! I use it all the time to convert from FLAC to ALAC.
"Max can generate audio in over 20 compressed and uncompressed formats including MP3, Ogg Vorbis, FLAC, AAC, Apple Lossless, Monkey's Audio, WavPack, Speex, AIFF, and WAVE.
If you would like to convert your audio from one format to another, Max can read and write audio files in over 20 compressed and uncompressed formats at almost all sample rates and and in most sample sizes. For many popular formats the artist and album metadata is transferred seamlessly between the old and new files. Max can even split a single audio file into multiple tracks using a cue sheet.
Max leverages open source components and the resources of Mac OS X to provide extremely high-quality output. For example, MP3 encoding is accomplished with
LAME, Ogg Vorbis encoding with
aoTuV, FLAC encoding with
libFLAC, and AAC and Apple Lossless encoding with
Core Audio. Many PCM conversions are also possible using Core Audio and
libsndfile.
Max is integrated with
MusicBrainz to permit automatic retrieval of compact disc information. For MP3, FLAC, Ogg FLAC, Ogg Vorbis, Monkey's Audio, WavPack, AAC and Apple Lossless files Max will write this metadata to the output."