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3 observations from the net: 

1.  Sound Quality is down.

Listenerd posted a great article link from RollingStone about MP3 sound quality the other day and I heartily recommend it:

http://www.rollingstone.com/news/story/17777619/the_death_of_high_fidelity

2.  Compression is up. 

After you’ve read the article, check out Turn Me Up! (dot) org for more info on the subject of loudness wars.

3.  People aren’t really listening to the music anyway!

Finish off your adventure with Collision Detection’s observation on “Why Audiophiles are Dying Off”  (thanks Listenerd).