Vinyl, CD, SACD, DVD-A, MP3

[Andyyyy]

After reading that some people put their vinyl collection into CD, I wonder- Do any of you hear a difference between these formats? I have heard that there are those who have looked at the wave files of ripped CDs converted to mp3 and they claim that when using Lame, a 320 bps mp3 is virtually indistinguishable from the wave. Others make the claim that vinyl rules. Where are most of you on this? Do you hear a difference?