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
Despite your question, and despite several of the answers recommending keeping the CDs, it seems to me that you had made your decision before you started the thread, Gretsch6120.
Gretsch, I think you're missing the point. No one has said that MP3 or digital files are not the wave of the futre. They are saying two things:

1. Ripping your cd's to computer and then selling the disc is illegal.
2. Hang on to your cd's. When you get older you will want to look at back at your collection of discs.
Didn't have time to revise my post above before S7horton posted.

I agree with those who suggest ripping your CDs and then storing them. If your MP3 files become corrupted, or if your hard drive(s) fail, and you don't have the CDs as back-up, then you're screwed.

Also, selling the discs may be illegal after ripping them, but it's a law with no teeth, and no desire displayed to enforce it.
S7Horton - I beleive that I am understanding their point(s), well taken at that. No, my mind is not (quite) made up at this point. Just wanted to generate discussion on an interesting subject.
I'm having a really hard time understanding these legal issues:

First, I've always understood that it's perfectly legal to make a single copy of a CD (purchased retail) for one's own use -- whether it's on your server, iPod, optical disc or cassette.

Second, I don't think there is anything illegal about selling a CD used (originally purchased retail) and keeping the one copy you made legally. Are you supposed to destroy your legal copy if you sell the original disc used? Talk about a law with no teeth! Why do they even bother?