I'd love to see some people prove they can tell 256kbps AAC from CD quality with something like ABX double blind testing. I used to know one of the engineers that worked on AAC and they did a ton of work and double blind testing to ensure it was quality stuff only to have a load of "LP is more real sounding" and "24/96 is hires!" types trash their work based on the lower bit-rates initially used when storage was a premium. Yes, 128kbps MP3s suck. 320+bps is another matter. Sure lossless is nice to have from a "don't worry about it" or "It's the same as the master files!" psychological perspective, but the notion it's audible is mostly psychological wishful thinking, IMO.
Certainly, hard drive storage on home systems is such that compression isn't really needed, but I don't know I can say the same for many phones and notebooks that still come with smallish storage these days. But it bothers me to think that when something like the new iTunes "hires" Music Store and Apple Music streaming opens (very soon) that everyone that thought music sucked will magically think it's all better when 99% of the problems are the fault of the mastering engineers cranking the compression and what not (often ordered to do it by the record label management who have always thought loudness sells).
Then there's the 24/96 24/192 type crowds that think digital has "stair steps" or some other ignorant nonsense (that's NOT how "digital" works and yet it was a cliche throughout the '80s and '90s, especially in "high-end" circles). Show me a rock album that has >16-bits dynamic range or a single human being that can reliably hear over 20kHz (let alone as they get older). Too many "audiophile" myths are based on snake oil as it is. It's kind of sad to see so many still buying into it in the 21st century. Much of the first page of this thread strikes me a bit like Stereophile authors slapping each other on the butts with wet towels....
So many SACDs sounded better because they used a good remaster mix, but Sony actually had their players play the SACD 2-channel mixes slightly louder than the CD side of the hybrid discs so if nothing else you'd THINK the SACD mix was better even when they were ultimately the same (multi-channel mixes excluded). It's dirty Psyche 101 warfare (as in they actually taught some of these tricks in that class when I was in college with the Pepsi Vs Coke challenge being an example given on Day 1 in the class where Pepsi would always give you Pepsi first because it was sweeter knowing that Coke wouldn't taste right after and no way to rinse your palette either. That slanted the results squarely in their favor and they knew it would).
Some might say if SACD gets us better releases, who cares about the format, except that it's one of the worst "locked down" formats in terms of copying/backup ever made. I'm long past the point of using physical media and the ability to dump/store my media library on a server hard drive is important to me. It's far easier to dump a brand new Dolby Atmos music blu-ray than a 5.1 SACD title (fortunately some have done the work for us out there).
The other problem is once you believe some of these things and worse yet, spend a lot of money on it (Stereophile's speciality), you don't want to admit you were had. No one wants to admit their beliefs are wrong, let alone that some magazine or group snookered them into wasting a ton of cash on a $10k DAC and a bunch of Shakti stones. I certainly won't shy away from listening to say Alan Parson's
ON AIR album just because it's in "lossy" DTS 5.1. The sound quality is well above average on it for any type of rock album and the mix is excellent.