New Audio Compression Ogg is Better Than MP3

According to Fileinfo.com When you convert a wave file or audio CD music into a MP3, you are loosing sound quality because its like compressing 88822224455566666 into 8(3)2(4)4(2)5(3)6(5) But now with the new compression technology u still keep the sound quality and equal size of a normal MP3. Lets say best of both worlds in one compression .OGG OggVorbis Audio File Developer Xiph.Org Category Audio Files
File Description	Compressed audio file that uses free, unpatented Ogg Vorbis audio compression; similar to an .MP3 file, but sounds better than an MP3 file of equal size; can include song metadata, including artist information and track data; supported by many software music players and some portable music players. The Ogg format is a container used for storing audio data. The term "Vorbis" refers to a specific encoding scheme provided by Xiph.Org, the developers of Ogg. OGG files may also include other types of audio compression, including FLAC and Speex. However, these files then cannot officially be referred to as "Vorbis" files, since they use a different compression scheme.
Program(s) that open .OGG files	Mac OS Eltima Elmedia Player info PCF Miro info MPlayer info MacAmp Lite X info Roxio Toast 11 info VideoLAN VLC media player info RealNetworks RealPlayer with Xiph OGG plugin info Apple QuickTime Player with the XiphQT plugin info Movavi Video Converter info Windows Nullsoft Winamp Media Player 5.6 info Roxio Creator 2012 info PCF Miro info MPlayer info Foobar2000 info BS.Player info Xion Audio Player info VideoLAN VLC media player info Microsoft Windows Media Player with DirectShow filter info RealNetworks RealPlayer with Xiph OGG plugin info Linux Zinf info Totem info PCF Miro info VideoLAN VLC media player info RealNetworks RealPlayer info Amarok info