I just updated Itunes, and seems that the preference for converting
selections to MP3 is now removed - it used to be under the "advanced" pane of itunes.
There is still the option to convert to AAC.
By the way, I recorded a live concert using an Olympus LSq10 then put the
files in logic for eq, compression, stereo spread, and limiting and they really
sound great.
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offtopic - new Itunes doesn't convert to MP3
2008-09-19 by GAmoore@aol.com