But even at the highest bit rate, it's not an exact copy and that's not 'high fidelity' in its truest sense. "Good enough for most people" isn't what we, as audio freaks, are looking for in recorded music. Like VHS, the lower quality version is the one everyone has been made to want, mainly because they were told that it's 'more'. An 8 hour VHS tape is definitely going to be more popular when the longest Beta was 5 hours but the quality was much worse and the added stress caused the tape to stretch, making it unwatchable at some point because it stretched along the edge where the synch track was located.
At some point, as I have posted many times, there has to be a time when we just listen to the music and not the equipment. That said, it's a lot more enjoyable when it sounds far above average, or even excellent.