That is funny how people still use lossy in this day and age. I feel sorry for iTunes purchasers.
I just bought a 250GB external hard drive--which would almost hold my entire 10.5K song collection which comes to 267GB for $80, free shipping, no tax! Few people, generally speaking, have that many songs on studio CDs. Lots of people may have that many songs but most of them were downloaded. My point here is that for $80, most collections could be saved in lossless! You should double the price to get a second for backup, too!
A 500GB drive is $180! Talk about cheap! I remember when we upgraded our first *real* computer. It had a 2.5GB hard drive (I know, some go back to the 5MB drives for $500). We upgraded it to a 20GB drive for $100 at Sams Club. 12 times the space for less money. Funny how mp3 usually compresses to about 1/10 or so (in lower modes)...so you can use a 20GB hard drive to store approximately the same songs as a 250 in lossless.