Kirk McElhearn:
Since Apple has been selling audiobooks, which are provided by Audible, they have not allowed re-downloads of these books. I have long recommended to users to not purchase audiobooks from the iTunes Store for this reason. One hard disk problem, one iOS device crash, and you lose all your expensive content. Audible, on the other hand, has always allowed you to re-download your books from your library on their website.
This has now changed. As of March 3, according to an Apple support document, you can re-download audiobooks. Unfortunately, the procedure isn’t simple.
If you are an audiobook fan, read on for the details. This should have happened a long time ago.