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
Copying it for personal use and then deciding to sell the cd, seems to me a gray area.

Yes very gray. If you search around (see my link above) you'll see all kinds of opinions.

A. You pay $15 for a new CD, keep a copy, and sell the original for $5.

B. Somebody else pays $15 for a new CD and sells you a copy for $10.

In both cases the end result is exactly the same:

...you have a copy and are out $10
...the other person has the original and is out $5.

yet some feel that A is OK and B is wrong.
I don't see how A and B are any different. In both cases two copies of the recording are out there and only one has been paid for. The artist hasn't been compensated fairly, and hasn't been properly credited in either case.
I think the polnt is that people will pay nothing if they can. Copywrite laws have found a temporary solution of one copy for your self or in other areas for personal use.

I don't know how this willl be resolved but clearly the cat is out of the bag for the old format. Digital can easily be copied and electronically transmitted. No law is going to stop this from happening and no amount of ethical argument will solve this. I think the record companies are dead. How the artists will make a living seem very uncertain.
Here is an interesting point of view as reported by http://blogs.reuters.com/2006/12/04/media-leaders-were-ipod-crazy-too/:

"I like music. I have iPods everywhere. I had the whole bunch of (the Warner music collection) files put on before we sold it."

--Richard Parsons, CEO & Chairman, Time Warner Inc.

If its OK to keep the digital copies and sell the company... ;)