The m4b files allow for book marking in iTunes and chapter separation whist the 
mp3 files do not. I think  you can also keep your place in an m4b file whist i 
have not had much if any luck with an mp3 file.
On Jun 27, 2012, at 4:18 PM, Jim Noseworthy wrote:

> Hi Folks:
> 
> 
> 
> What is the functional difference between creating an M4B file or
> designating an MP3 file as an "audio book" in iTunes?
> 
> 
> 
> Thanks all over the place gang.
> 
> 
> 
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