FM and lossy internet radio both have their limitations, and those are hard to compare. Low bit rate streaming is probably inferior, but bit rates are going up all the time, with BBC radio 3 now at 320 kbs. At that level internet radio is clearly superior, but also at somewhat lower bitrates. My hunch is that by now the two are already roughly equivalent for many stations, and streaming is only getting better because bitrates are going up. Now that we have roughly equivalent sound quality what clinched the deal for me was that with internet radio you get the world at your doorstep. I have ditched my Quad FM3 in favour of TuneIn streaming via the optical output of a CCA.