Yes, good luck.
But before you re-rip all those CD's, do just one or two of them and see if it's worth the effort to you. If you ripped them at a reasonably high bit-rate, 192 or 320, the difference you can hear in your system may not be worth all that time and energy.
If you're using the iPod as your source, the difference in quality between a high bit-rate mp3 and an Apple Lossless file may not be audible. If, on the other hand, you're using one of the computer hard-drive based possibilities to a DAC with USB input, a Squeezebox or an Airport Express connected to you main system it might be worth it to you.
Listen first, then decide.