Okay guys... I will lay this out so you can understand.
What you need to know:
I have an iMac and all of my music is on it in lossless format. I also just purchased an external harddrive.
What I want to do:
I want all of my lossless files on the external hard drive (for archival purposes... please no format wars!) in one library.
I want all of those same files in AAC on my iMac in another library.
What I am going to do:
I want to keep all of my music in lossless on the external and use the AAC on my iMac for our iPhones.
Help? Haha.
EDIT: Just fyi, I've done lots of searching, but have found no definitive answer or step-by-step process in doing all of this.
What you need to know:
I have an iMac and all of my music is on it in lossless format. I also just purchased an external harddrive.
What I want to do:
I want all of my lossless files on the external hard drive (for archival purposes... please no format wars!) in one library.
I want all of those same files in AAC on my iMac in another library.
What I am going to do:
I want to keep all of my music in lossless on the external and use the AAC on my iMac for our iPhones.
Help? Haha.
EDIT: Just fyi, I've done lots of searching, but have found no definitive answer or step-by-step process in doing all of this.