Hello all,
I have a strong feeling on this issue. 1st, I agree that LAME is the best MP3 encoder out there, and if you are going to generate the best MP3s, then you would use the insane setting to create 320 kbps, fixed rate, audio files. I also enjoy well encoded MP3s created by my DAW application, CoolEdit 2000. CoolEdit 2000 is now called Adobe Audition from when Adobe bought Syntrillium software.
AAC is hands down better than MP3. That's because AAC is MP4 with a bit of Apple proprietary coding for DRM thrown in. If you google MP3 AAC, OGG, and WMA, you'll find gobbs of articles showing the merits of AAC. The only reason MP3 is still with is because it is ubiquitous. It made a helluva a big splash.
The consortoum of companies who got together to create MP3, such as Fraunhoffer, Apple, Dolby labs, as well a a few others, set out to create a better MP3: MP4.
If you want to make the best AAC/MP4 files, use iTunes and set your import to AAC at 320 kbps. Actually, import your music as AIFF or WAV using error correction. Afterwards, select those WAVs/AIFFs and convert them to AAC. It's a wonderfully easy process to do in iTunes.
Forgive me if I sound too aggressive in my response. I just think that many users may be translating a dislike of Apple the company to any product they produce, whether that product deserved it or not. Remember how everyone said that iTunes DRMed everything? I kept on, and still keep on, correcting Windows centric users in that iTunes only DRMs music purchased from the itunes store. And recently, since the iTunes store went to 256 kbps downloads, the DRM, if it's still there, is much less restrictive. Better quality music, less lockdown.
Anyhow, sorry for my rant. Moving right along