I agree with Lacero, but just wanted to point out that I read an article about this recently, I just can't remember where, that seemed to conclude that you were better off transcoding, i.e. going from 320 kbps MP3 to 128 kbps AAC and vice versa, as fewer compression artifacts were being introduced.
I'll try to find the article, I think it was at hydrogenaudio.
B