Thinking about selling my CD collection = MP3


I am having serious thoughts about selling my 1,500 or so CD collection and going to MP3 playback format. At one time I use to have the time and sit in front of my system and really listen, I mean sit and really get into the music. Now with two kids, and the band that I play guitar in, there is simply no time. My listening consists of in the car or in the house while I am doing something else. I am thinking about ripping my collection to my computer, selling the CDs and my CD player and using a large storage MP3 player as my source. Any thoughts? Anyone else out there do this?
gretsch6120
An update. I am almost complete with ripping my CD collection to my computer. It has been going very smoothly, just doing a few at a time. I purchased two hard drives, on internal and one external. So I am saving the mp3 files to three locations, my computers main hard drive, and the two extra ones I purchased. I also just purchased an 80 gig iPod, so I am storing them to 4 locations. I listened to my iPod this morning on the way to work, it sounds fantastic connected to my cars system! I am more that pleased with my decision to go with mp3 audio.
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Gretsch6120, are you really sure that you want to sell all your CDs for MP3? Sounds like something you might regret down the road. 1500 CDs don't take that much space to store (unlike 1500 LPs).

Are you keeping a lossless version around on harddrive in addition to MP3? I would make sure to do at least that. Upgrades to your system or changes in your listening behaviour might reveal some of the flaws in MP3. Its good to have at least a full version around.

Good luck!

Rene
what about the time when we all flouted the copyright law of making copy versions on a cassette deck (to play them in the car) of our favourite LP's. Fine so far in a copyright perspective, but when the LP was no longer playable and we dumped it, what then?