Scott!  Of course the best thing would be to save your CD content as
Wave files but if you can't afford the space then I would suggest that you
save them as MP3.  Other formats probably yield better quality audio such as
OGG or WMA but they are no where near as popular and versatile.  For example
you can't play OGG on an off the shelf CD player but you can probably play
MP3.
     With MP3 the rule is, the higher the bit rate the better the audio
quality.  A completely straight CD quality Wave file has a bit rate of
1,378.125 KBPS.  Most people are happy with 128 KBPS and the people who want
really high quality go for 320 KBPS.
     As opposed to pure Wave files an MP3 at 128 KBPS will shrink your space
requirements down to more than one tenth and at 320 KBPS will shrink your
space requirements down to more than one quarter.
Chirp|Chirp|Chirp: It's the Bat, Chirping Bat .Com
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