My questions:
1. Does CD really have a shelf life?
2. Will separating booklet really help? or Do I worry too much?
Really, if stored and maintained properly, officially pressed CDs should last for quite a long time without evidence of disc rot or playback errors. That means keeping your CDs clear of marks or dust, and storing them in a place free of dust and humidity.
The Wikipedia article on the subject explains this in more detail: Disc rot – Wikipedia, the free encyclopedia (http://en.wikipedia.org/wiki/Disc_rot)
Accept that at some point you are going to have to converts your files into a new file format and storage media.
Talk to people with VHS. Or Beta. Or laserdiscs. Or cassettes. Or 8-track. Or reel to reel. Or 78’s. Or wire recorders. Or wax cylinders.
"This is gonna replace CD’s soon; guess I’ll have to buy the White Album again…" Agent Kay, Men In Black
JonC
most disc rot only affects things when you try to copy them. there are a number of dvd movies that were mastered badly with errors, or stories of people having a bad burn or bad disc, and it will play fine in their dvd player, but not be copyable by things like windows explorer. the error/rot on a small scale just appears as static or a visual glitch when played.