I'm in the process of converting cd audio to another format for the computer. Lately, i've been just using itunes and doing 256 kbps AAC files and they seem to be fine. I will be converting a large amount of cd's onto a 200gb harddrive. Basically what i'm interested in is a format(mp3,aac,wav,wma) in which will stand the test of time and have the full quality of the cd. I have considered using Wav files but they are so large. The files will be used solely for listening purposes, and I hope to have them for the rest of my life. If you know the best lossless format and a program that I should use. that would be great. thank you.
Also, http://www.musicgiants.com/ is selling 1100 kbps songs. Isn't that above cd quality? is there a point in which i will be just gaining file size without gain in quality?