steve_1979 said:
As far as the limits of human hearing are concerned (maximum dynamic range and maximum/minimum frequencies that we can hear) 16/44.1 resolution data can be used to perfectly reproduce any analogue wave by applying Nyquist-Shannon theory.
You would only need more data than 16/44.1 can supply if our ears could hear a greater dynamic range or a greater frequency range.
This is not true.
http://home.earthlink.net/~dnitzer/4HaasEaton/Decibel.html
0 dbs is the threshold of excellent youthful hearing.
With age the threshold will increase to 10 dbs or 20 dbs. With hearing damge the threshold may be higher.
80 dbs is the threshold of possible hearing damage, if you're exposed to this level for 8 hours per day.
130 dbs is the threshold of pain.
If we're a tiny bit sensible and limit the maximum volume to 120 dbs, that gives us a range limit of human hearing of 100 to 120 dbs for people with non-damaged hearing. That's more than 16/44.1 can provide full stop. And it's way more than 16/44.1 can provide without noticeable amounts of distortion.