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You don't actually own the music, you just own a license to listen to the music on the format you purchased it on. If you listen to it on mp3, you need a license to listen to that mp3 file. If you listen to it on CD, you need a license to listen to it from that CD. So it is illegal (in the most technical manner) to rip your vinyl to mp3, a CD to mp3, or possibly even copying an mp3 file for backup (because you don't have a license to listen to the new mp3, only the original mp3 you purchased). Technically speaking, of course.

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Thanks Mernak and thejadedmonkey, for taking the time to fill in some of the blanks. I need to clarify one thing, though, and re-ask another. First, I am not interested in whether I will or won't get caught; I'd simply like to know if it is legal. I won't do it if it is illegal. Second, regarding the concept of buying a license - that I bought a license to listen to it on vinyl, but not as an MP3 - here's where I get confused. I have been operating under the assumption that it is 100% legal, through and through, to rip CDs I own into iTunes.

In that scenario, I have bought the license to listen to an album as a CD, but I have ripped it to AAC. If the 'license theory' is indeed the standard, then I would need to re-purchase albums - which I already own as CDs - from the iTunes music store to fall within the letter of the law.

Thanks again for your thorough responses. You don't actually own the music, you just own a license to listen to the music on the format you purchased it on. If you listen to it on mp3, you need a license to listen to that mp3 file.

If you listen to it on CD, you need a license to listen to it from that CD. So it is illegal (in the most technical manner) to rip your vinyl to mp3, a CD to mp3, or possibly even copying an mp3 file for backup (because you don't have a license to listen to the new mp3, only the original mp3 you purchased).

Technically speaking, of course. Click to expand.See to me, that's bull. It's one thing to say 'I bought a 2G iPod, therefore I should be able to upgrade to a touch for free' but since you've already paid for the music, you should be able to listen to it in whichever format you desire. This whole 'you bought a license to play it on vinyl, not mp3' is absurd and I really wish someone would fight the RIAA in court over it. I have given you my money to play and listen to music, and therefore I should have the freedom to make backups of it, and to listen to it on vinyl or mp3 or aac or whatever the hell I want. See to me, that's bull. It's one thing to say 'I bought a 2G iPod, therefore I should be able to upgrade to a touch for free' but since you've already paid for the music, you should be able to listen to it in whichever format you desire.