This week at the D: Dive Into Media conference, legendary musician Neil Young told those in attendance that he and the late Steve Jobs were working on developing a higher-fidelity music service.

He noted that Jobs was a huge music fan, but didn't listen to his iPod and its digitally compressed files at home, and instead listened to vinyl. The latter of which is widely regarded as perhaps the best format for true music fans to listen to their tracks through.

Most interestingly, though, Young stated that he had spoken with Jobs about creating a format that would have 20 times the fidelity of current digital audio files, like MP3s. The format, according to the rocker, would contain 100% of the data of music, as it is created in the studio. Right now, compressed formats only include 5% of said data.

If such a format were to come into play, each song file would be massive, and a device may only be able to hold 30 albums. Also, it would take about 30 minutes for each song to download, explained Young.

He also admitted to not having a practical plan in place to get such a project off the ground, but did say that Steve Jobs was supportive of the idea, prior to his death.

"I talked to Steve about it," relays Young. "We were working on it. You've got to believe if he lived long enough, he would eventually try to do what I'm trying to do."

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