<< Give an mp3 encoded at 256 using LAME to a mastering engineer who works with audio for a living, and ask him to tell you which is the source file, and I would bet that most of them can. >>
You know maybe you're right, however, I know you're familiar with r3mix.net, why don't you go click on his 'quality' icon and see the results of the test they did with 256kbps mp3's. They tested 300 audiophiles, with both B&W Nautilus 803 speakers and Sennheiser Orpheus Electrostatic Reference headphones, and not one of those people was able to consistently pick out the mp3 from the source material. That's a pretty bold test, with some of the best equipment in the world, why would an audio engineer be able to do it any better?
I stand by my claim.
dm