I keep asking the Objectivists to help me "hear" the terrible compression that is being foisted on the audio world.......and hear you state that your modern collection containing thousands of discs only has a dozen compressed discs?!
Is that because you are buying Mapleshade and Stereophile jazz recordings?
Or what? Or is the compressed cd hyped here on Audioholics?
This little video is a good introduction to "hear" dynamic compression (the loudest and quietest parts of a song are closer in volume than they were recorded at), as well as see it:
http://www.youtube.com/watch?v=3Gmex_4hreQ
The way I'm able to tell the amount of dynamic compression in a disc, is by listening to it in the car. If it sounds the same as in my living room, it's highly compressed. If I'm in the car and I keep adjusting the volume because I lose a lot of quiet detail to the road noise, and loud parts are too loud, then it's much more dynamic and will sound great in my quiet house. Compression is good if there's background noise, or if for some other reason the quiet parts are going to get lost, such as listening to it in the background, converting it into an mp3, etc.
Personally, I can see why the record companies keep raising the compression. People don't listen to music in the quiet home anymore - it's always on the go. Compression makes it sound better for this situation, but worse for those of us really listening to the music.
Back to the "best format" argument - as has been said many times, the CD format can sound great. But due to dynamic compression the sound isn't as accurate as it could be. I believe that people purchasing SACD, DVDA, and vinyl are more likely to be listening to the music in a more optimal environment, and so the engineers are less likely to compress it. I'm not saying anything new here - several here have already stated this same argument, but maybe my personal spin on it will help someone.