320kbps, VBR 7, "intelligent coding" ON (whatever that is), sub-10hz cut OFF.
I guess I could go lower, or allow more filtering without missing much, but it's a psychological thing. I just want to loose as little as possible.
I do look forward to Apple including AAC in both iTunes & iPod, as to me it sounded better than those MP3s, but at 256kbps!