44.1kHz is all that one needs for -perfect fidelity-, given that humans cannot hear higher than ~20kHz. See: Nyquist-Shannon Sampling Theorem. [0] 16 bits of quantization gives a Signal to Noise Ratio (SNR) of 96dB, and noise dithering increases that [1]. More bits are not necessary unless one is doing music production with that audio and warrants the extra headroom, before mixing back to 44.1kHz/16bit for distribution. [1]
The only thing that higher bits/sampling rates do for a listener is waste CD and drive space, so it is odd to lament 44.1kHz/16bit as being "really poor". Even if your speaker setup can actually output extremely high frequencies, only your dog will be able to hear it...
[0]: https://en.wikipedia.org/wiki/Nyquist%E2%80%93Shannon_sampli...
[1] https://web.archive.org/web/20181109203430/https://people.xi...