Just a quick note to mention that when iTunes 4 asks if you want to “Replace Existing” songs when re-encoding, what it really means is “Move Existing to Trash”. As I’m re-encoding my entire CD collection to AAC, I just happened to notice in the info bar of a Finder window that my disk had only a few hundred megabytes of free space left. The trash was full (several gigabytes) of my old MP3 that had been moved there by iTunes 4!
iTunes 4 Warning
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