I'm at around 2,000 physical discs, all CD, which equals about 800GB of lossless copied to two separate 1TB drives. For daily listening that library is cooked down to about 130GB worth of AAC files that I use on the iPods and iPhone.
The CDs are more an insurance policy than anything else for me. They are rarely played. I ripped to lossless so I don't ever have to rip the whole collection again, but I didn't have secure ripping set up properly for some of that process so I still run across a bad rip occasionally. In those cases I just pull out the disc, make sure it's clean and rerip.
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"Take a circle, caress it and it will become vicious."-Eugene Ionesco
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