I really don't have an interest in ipods, but do use a music server, which, I guess, is an ipod for your stereo. Mine does up to 320 kbps. I can't tell the diff from the cd. And my rig sounds clear as day.
Are there ipods out that will hold 300 cds in lossless format? My server is 80 gigs and I don't think it would hold 300 cds @320 mbps.
I would look into a server, myself. Mine takes less than 5 minutes to rip the cd to the internal hard drive, as well as finding the artwork and song listings. And, this will all be shown on your television in a nice, neat index. I'm not sure an ipod would offer that video option. Mine can also take music directly off a computer's drive as well, although I don't use that feature.......
If you are computer saavy, you can build your own server, too. Both better options than an ipod, imho........