I must admit I like physical media for most things (though I do use an MP3 player too). I still have hundreds, if not thousands, of vinyl discs and cassettes that I can't bring myself to part with - even when I have duplicate copies on CD !
One of the things I really hate about digital downloads is the lack of decent art work and notes. You'd think it would be possible to provide a graphic of the disc label and a PDF version of the CD booklet. I listen to a lot of classical music (amongst other things) and download sites are often more expensive than buying the CD at Amazon, and you have to put up with them getting tracks wrong that flow one to another without a break (like on live rock albums). OK there are players and burners that allow you to record without gaps but they are often global settings which are inappropriate for the whole album, and anyway often the track files are faulty at the seamless join so you can't get a proper seamless burn to CD or playback on a computer.
Question about FLAC - how big is a lossless FLAC version of a standard album? Which software supports Flac (inc. decent conversion to MP3) ?
If I converted all my stuff (including DVDs which I should ideally stick on hard disc) I would need to buy about 10 Tb of external drive space - not going to happen any time soon.
