Not news to the audio-aware.
I would go so far as to say the CD is obsolete, and became obsolete when hard drive space made ripping practical. When the CD was developed, nobody could imagine any other way to store a monstrous 750Mb of data. Nowadays, the same size disc can hold tons more (DVD). On either disc, you can fit more music, even losslessly, on the same disc as data files, and with the current state of technology, a CD player might as well read the CD, then play back the data files from flash memory or a buffer. There is no reason to actually play the music off the disc in real time anymore, and hasn't been for years. It's silly.