Neil Young working on new audio format

The Rolling Stone Magazine web site is reporting that Neil Young is working on a new ultra-high quality digital audio format in a project called Prono.

A number of obscurely named Trademark applications suggest that the rocker is working away on a high resolution alternative to MP3 as a digital audio solution. He has also been previously quoted as saying that he had conversations with Steve Jobs about the project before his death, and also frequently expresses frustrations about the quality of MP3 as an audio listening format.

However, since legal proceedings on such matters can be long and complicated, holding one’s breath is not advised.