That’s what people said about FLAC five years ago.
FLAC is an excellent archive format for projects and it’s great for music playback - but for real work - I would rather just stay uncompressed (wav).
Yes, the point is to have the choice. And I would like to able to choose between Wave64 and WavPack: because of the file size limit, Wave doesn’t cut it for me.
Drives are way too cheap
No, if you can save space and money, it’s better.