Why shouldn't it? It's still perfectly fine with a lot of extensibility. It's one of the rare desktop apps that I'll not easily give up for a web-based alternative. Having an offline music collection is just different. I don't know how to explain it. I know it's stupid but it feels like, when I actually purchase albums, they sound better than streaming. It's the value my subconscious assigns for the things I pay for directly perhaps. Still silly but, perhaps.
No? Opus 1.3 96k is slightly worse than mp3 192k CBR. Previous listening tests just always compared 96k opus+AAC to mp3 128k because mp3 is just that bad (and mp3 would still lose).
The last group listening test was in 2014. Which was touched on in this thread [1]. And in general I believe and agree with IgorC. Opus has gotten better, but the last test results still remains largely the same.
On the subject of looking this up my HA account is over 20 years old. Oh My.
I remember ripping a few things in Musepack a very long time ago.
Now I use ALAC for lossless (it supports 24-bit 192khz now!) and AAC for lossy, because they are standardised, use the MP4 container, and seem to be the most widely supported.
But as we have so much storage space and bandwidth the interest of newer, better audio codec wind down. 20 years later we still dont have anything that gives CD / 128kbps MP3 quality at half the bitrate. Instead we all went with 256Kbps AAC, and may be soon lossless. I wish MPC ( Musepack ) has taken off though, I still think it sounds better than AAC.
The same may happen to video too. The rate of Mobile 5G bandwidth improvement is much faster than video codec adoption. We used to care about sub- 1Mbps bitrate, now it is largely gone in developed counties.
Still, I am surprised Foobar2K getting updates in 2022.