What's the best audio format - MP3 or AAC?

I just installed W7 on my desktop and am about to load my music files I backed up earlier. My music has been ripped at 320kbps in MP3 format. I've been reading about different formats and I still don't know what's best. What to do?


Original Poster

I'm gonna rip The Human League's Dare album in both formats and see if I can tell the difference.

I use VBR V0 MP3 or Apple Lossless.

Used to use Ogg but my silly Pod can't play that format.

V0 MP3, its the most compatible.
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