yoda-sama said:
And still, if the source happens to be analog rather than PCM, there's still a point in putting out his improved track as lossless, so as to keep from losing even more information to additional compression (you lose a little bit every time you reencode "lossy").
Not all analog is alike. LD analog tracks were basically FM radio quality sound. It gets the job done, but it isn't studio quality analog tape goodness.