So I am just getting into audio and home theater, and just purchased a set of bookshelves (Paradigm) and a receiver (Pioneer). My speakers should be delivered any day now, so I am very eager to get started.
In the mean time I am trying to fill in the many gaps of my knowledge, and the latest gap is related to MP3, AAC, AAC+, and Apple Lossless music formats.
If I understand correctly, MP3, AAC and AAC+ have audio bits removed for compression so that you can squeeze alot on your iPod, but the downside is that audio is then lower quality as some parts are missing. On an average system or in the car I shouldn't expect to notice a difference, but on higher end systems I might hear a difference depending on the recording. If any of this is wrong so far, just let me know.
My new Pioneer receiver boasts technology to improve playback of MP3s and other digital audio formats, but obviously it won't be as good as a lossless format. I am assuming there is no way to convert my iTunes library from AAC to lossless, as the music data in my tracks is gone. So this would mean re-ripping my library?
Also, if I use iTunes to burn an audio CD of random music from my library, since the source data is AAC and therefore missing info, will the Audio CD also be lower quality than the commercially available audio CD of this same band?