I recently bought the complete works of Stevie Wonder on iTunes, my first major purchase on iTunes. I have avoided all but the smallest purchases in the past due to my distrust of DRM and the newness of it all.
Following this I thought a little about it, and checked a few things.
I got this quote from http://www.apple.com/uk/support/itunes/legal/terms.html
"You shall be authorized to use the Products on up to five iTunes-authorised devices at any time.
You shall be entitled to export, burn (if applicable) or copy Products solely for personal, non-commercial use. You shall not be entitled to burn video Products.
You shall be authorized to burn an audio playlist up to seven times.
You shall be able to store Products from up to five different Accounts on certain devices, such as an iPod, at a time."
Now I would say that is pretty free, in the context of DRM. What is left open is the question of Apple going under, or the record company changing it's licence so that Apple can no longer provide a copy in the event I lose mine. Now I would compare this to what if a company stops producing 8 track players or I loose my vinyl. I think we are used to having tape, vinyl and CD and expect these to continue being available, I would also suspect that if Apple went under a fix could be found for their DRM system. I think it is now (just) easier to save and store digital products than physical ones, this trend will continue. Also a group of friends all using the same iTunes store could conceivably share their iTunes sign-on and share the music.
What I miss most is the vinyl cover, or the CD booklet, but with the Stevie I get a nice pdf booklet which suits me fine. There will be the odd CD box set like the Miles stuff which deserve a admiration beyond the content, a few vinyl covers spring to mind as well. I expect that as artists become more used to the format they will start to deliver these extras, as they eventually did in previous times.
iTunes music is compressed as AAC at 128kbps, which is the standard I use for my own rips. Now MP3 v AAc is obviously a personal opinion, I ran a test early on and found, for my ears, there was no difference between AAC lossless , MP3 128 and AAC 128, below 128 I spotted something but not above. All these beat my old Denon CD player on my hi-fi, but none of them could compare to vinyl. As for choice I suspect in a few years we will both choose something different. Disk space is not necessarily a big issue, except I have filled my iPod and will probably fill the next one, but these things are always temporary. It is CD storage space that is harder than disk space!
This Stevie Wonder box set is how all things should be, everything should become available. With CD and vinyl, shops always struggled to supply anything outside the charts, the internet helped firstly by creating Amazon etc. and now through iTunes etc. Unfortunately big record companies are slow and little record companies are squeezed out, shame. Now as for shopping on foot, no way, that is the most lifeless experience. How many boy bands can HMV stock! Amazon has always created a better social experience, one purchase recommends another, I have found more decent CDs through Amazon than I have through HMV. Sadly there are few retailers like The Time Machine in Grantham where my brother and I found so much.
For now I will continue to move slowly in to the digital world, where price and availability favour it. My biggest heart ache is repaying for vinyl I own and struggle to sort out in to a digital format.