In addition, the analog nature of reproduction in vinyl brings benefits as well, to my ears at least. Analog reproduction is more adept at recreating timbral subtleties and details. Instruments and voices sound more real to me in analog reproduction.
I think Soundhound and I may disagree slightly over this (he tends to have more faith in digital recording than I do), but, by definition, all digital formats are lossy formats because they SAMPLE the sound. I think you can hear this. IMHO it's one of the reasons that some people find CD's to be fatiguing in extended listening sessions.
Combine that natural loss of sound with the generally shoddy quality of recording, mixing and mastering in commercial CD's and you have really tiring sound. (Well recorded and mixed CD's, such as the ones Soundhound has done, can have INCREDIBLY detailed and refined sound. But that is definitely the exception in the commercial marketplace.)
CD is clearly superior as a storage medium and it provides a much wider dynamic range than LP. For most people, apparently, those are decisive advantages and sufficient to make CD a more attractive audio format.
[This message has been edited by boblinds (edited July 14, 2003).]