I like to stay away from MP3 files if I can help it. They just don't sound as good as the original WAV files no matter what anyone says. And i'd rather make room for the larger WAV files than compromise sound quality.
I import all my audio, from CD, record audio from the web
, using Cool Edit Pro which is brilliant at playing any audio I throw at it. But my problem is with video clips and the extra codecs WMP needs.
I started using VLC last night and so far it seems ok.
Looked at Winamp but thats as far as I got.