I ripped lots of vinyl to flac a few years back, it just wasn´t convenient to carry it all with me. At the same time I made 320kbp mp3 files to be able to stuff on the mp3 player. All the CD´s and DVD´s I owned were sold/given away. I see it as a dead format like cassette.
Nowadays, with cheaper memory and better players I just stick the flac files in the mp3 (Sansa Clip+).
No hate towards the itunes/Apple stuff but I try to steer away from proprietary formats, if you have an iphone I´m sure there´s an app for flac files.
Sony are as bad with their Atrac files.
Flac is just easier,