Is FLAC the Next “Big Thing” in Music?

OK so we all know MP3s are king these days but in the future will formats like FLAC be the new format of choice for iPod toting audiophiles?  With storage capacity growing like crazy in a few years we may see lossless audio codecs replacing MP3 for music purchases.   MP3s most likely would still be used but most likely for for podcasts where the files need to be smaller in size, played once and then discarded.  If you are like me and haven’t heard about FLAC, you can read up on it via Wikipedia here.  The official site is http://flac.sourceforge.net/.