All good points so far and here is my take:
- I always want to OWN the physical medium. I consider it the archival format - just like books in the library. I've ripped every CD I own and I save both the uncompressed WAV as well as make MP3s from them.
If your only source for the music is a digital copy (regardless of uncompressed, lossless, lossy) you have the problem of maintaining that copy. If your hard drive dies and you don't have a backup, you are SOL. Even if you do have a good backup strategy, as the collection grows it gets much more complicated and costly to maintain that collection and keep multiple backups in sync. If you have the physical disc you can always make another digital copy (although that is also tedious if you had to start over and re-do the entire collection).
- The music industry had agreed with big retailers to lower the wholesale price of CDs to less than $9 so they could be sold at retail for under $12. That agreement was broken before it even got started. It lasted about as long as the typical mid-east peace agreement - about two weeks.
- The industry keeps looking for ways to reduce their costs while at the same time keeping prices high. Case in point: 'digipak' CDs. These are the flimsy cardboard cases with the plastic disc tray molded in. It is promoted as a great innovation while the reality is that it reduces the industry's costs from 5 cents per jewel case to probably 1 or 2 cents and they absolutely suck for the consumer. The cardboard tears easily and will become torn and worthless if you handle the CD a lot.
- Used outlets are a great way to get music for a reasonable price, although some of them only discount a CD a few bucks. When the trend first started every store paid $2-$3 for a used CD and sold them for $7-$8. Some of the stores here in Austin want to sell a used CD of a newer release for $12 - hardly worth it at all even if you are a broke college student.
- The music I like, which is mostly 70s and 80s stuff, can be bought new for under $10 in most cases. It's mainly the new releases, most of which I have no interest in, that are ridiculously priced. Anybody that will pay $20 for a Snoop Dog CD is absolutely crazy.
