How many years before MP3 becomes king?

I agree / strongly feel that with how cheap hard-drive space and bandwidth is becoming, there's no reason to further compress a nowhere near perfect format like CD. What I expect the market to (eventually) do is move to a non-local / streamed format over physical media (imagine, if we silly consumers / materialistic fools got over having to 'hold' a CD, you could pay probably $3-4 for the right to listen to a full CD anywhere any time, basically the right to playback but not own a physical media, and obviously be allowed to make a backup/portable - much like iTunes Music Store / burning a CD etc). I also call witness to the trend in digital cable / on-demand, if Time Warner wanted to, they could probably put Netflix and Blockbuster out of business in 6 months (obviously with a HUGE investment in hardware and some infrastructure improvements, but nontheless, quite doable, I believe someone recently tested well over 300Mb over standard rg6 coax, and DVD is what, 10-12 MAX?)

I think that MP3 will be king. As I think it should. Maybe not the exact format being used right now at this moment, but one that works on the same principals. Don't get me wrong, I don't listen to anything like that. I listen to vinyl at home and FM in my vehicle on the way to work and back.
But I think the idea of having thousands of songs at your fingertips is the future for us all. Every vehicle should come standard with a music bank that will hold at least 5000 songs of your choice. No more CD's to drag around. No more of our kids borrowing our CD's without asking. It just seems to me that this is the way to go.
I also think there is a place for it in our home. Background music while working around the house. Or even an outdoor system where sound quality is difficult to get right anyways.
Todays generation does not care one bit about the sweet spot. All they care is to have what they want at their fingertips when they want it.
Like it or not, it is here to stay.

Yes, people prefer convenience over the ultimate high-end differences for the most part today, but my point is, you can have all that at your fingertips, WITHOUT the horrible mp3 artifacts. Heck, even with current technology, I can put roughly 50-80 CDs (depending on length) of uncompressed AIFF onto my iPod, and they can be integrated into a car or home system extremely easy (heck, some cars like BMW are coming with iPod docks in the glove-box). I don't see hard drive space going UP in price any time soon, in fact I imagine very shortly you'll be able to have a device the size of an iPod with well over 100GB of music, equalling almost 200CDs at full redbook.

As much as I prefer vinyl and hi-end, and I never listen to CD's at home. I would welcome some type of hard drive system that would have 5000 songs in my boat or truck.