Let's go already. What the hell is the holdup? Nobody buys CDs anymore. It's becoming hard to find them, unless you're willing to order at amazon, and even then a lot of titles are on backorder.
When is one of the major players going to offer lossless downloads? It's long past become a joke. We don't need 24-bit. Just give up CD quality and be done with it.
Nobody buys CDs anymore?
Hmmmm. I know plenty of people who buy music and a thriving local independent record shop who would tell you that's BS.
I also know of people in this country who can't get broadband at all and struggle with dial up, others who have ADSL that can't get to 1Mbps, and most have data constrained plans and you will get throttled if you go over your limit.
For them, lossless is not an option. Neither is it an option on an iPhone where many have a constrained data plan (I don't and because I stream compressed music and podcasts download over 7 GB per month)
Also tell me if you can hear the difference in the output from a computer at lossless vs 256 Kbps. I can't even through my audiophile grade amp and speakers.
Put a decent CD (and the one I would've ripped from) through the same equipment and I can tell the difference very clearly.
The problem being the quality of the sound hardware inside the Mac is poor, but for the majority, it and 256 Kbps AAC is good enough. If you want better, there are specialist stores that do sell lossless music files. For example
http://www.linnrecords.com