I do think that there really is and may always be limited demand for higher res formats because frankly the vast majority of people can't really hear a difference anyway due to limits of human hearing and also perhaps in addition to limits in the rest of the audio system in conjunction, even with most very very good systems.
I think I've read that proven practical limits of human hearing in most cases was one of the factors that went into determining Redbook CD specifications at the time. I'm sure there are exceptions to this though, those with truly exceptional ears for detecting minor variations in detail.
Higher res data takes up more space and is more costly as a result, but the actual added value is marginal at best if people truly can't hear it so it may just be a waste.
I think I've read that proven practical limits of human hearing in most cases was one of the factors that went into determining Redbook CD specifications at the time. I'm sure there are exceptions to this though, those with truly exceptional ears for detecting minor variations in detail.
Higher res data takes up more space and is more costly as a result, but the actual added value is marginal at best if people truly can't hear it so it may just be a waste.