Are iTMS's 128kbps Songs Worth Collecting?

pinchhazard writes "Randall Stross of the New York Times offers his opinion on iTunes Music Store's decision to offer downloads at only 128 kbps, and that decision's potential to affect collectibility of the songs. The article says that Apple makes the claim on its web site that "you'll get the full quality of uncompressed CD audio using about half the storage space." Rhapsody, which offers encoding at 192 kbps, is compared."