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Actually, compared to a well-ripped .wav, it's impossible to get an mp3 to sound *exactly* like the .wav...
Lots of you have high quality recording sound cards (ie, ones from M-Audio or Terratec and the like...)
Take some CD's, rip them into .wav's with Exact Audio Copy, and try encoding them at different bitrates with different mp3 codec's... and then listen to them with some studio monitoring speakers or headphones (the Sennheiser HD280's are a great, inexpensive studio monitoring/dj headphone), and pay attention to the high notes... even with a 320 kbps mp3 encoded with LAME, the best encoder, and play it back on Foobar2000, you *should* be able to tell the difference with the hihats... the fact is, mp3 throws away audible data. Period.
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