Well the only reason MP3 really caught on was because of the Napster movement. Considering most of the pirated MP3s are 128kbps, I doubt those people are interested in audio quality. But for the people ripping from CDs, it might catch on, and from there become popular.
Thing is, on the Mac, I can see MP4 making it. On the PC, where it's not even easy to find a way to rip your songs to MP3, I doubt we'll see much MP4, because you need licensing, and the cheesy no-name MP3 players used on PC won't likely get licensing. Maybe MusicMatch, but I doubt we'll be seeing the free ones support it. Hell, Windows Media Player 9 doesn't even support MPEG-4.
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