Many purists actually prefer vinyl over CD. Also Even though vinyl is not outselling CD's there is an increase in vinyl sales (as compared to the noticeable decrease in CD's sales). Vinyl caters to a specific niche market and because vinyl is generally released in limited quantities there is more of a collector value to it. So even after CD's become obsolete, vinyl will still continue to appeal to a specific niche market.
I couldn't agree more, vinyl does have that "warmth" which CD's don't necessarily have (unless of course the producer have digitally processed the audio to sound "warmer"). Again, I agree with you that vinyl will stand the text of time.
I've also heard similar rumors, but I genuinely hope that it's not true (and I doubt that it's fully true). I would much rather buy a CD than an iTunes or Amazon download, even if it costs a little extra.
I do however believe that within the next decade or so, download speeds across the entire world will reach a tipping point allowing higher quality music to be downloaded from sources such as iTunes. Leaving us with only problem... Having that physical possession in our hands.
I agree with WriteAngled I have collections of CD's, all favorite bands. The only problem I've been running into is playing them on the computer. I get 'warnings' about infringement or no play I'm like, what!!?? it's the retarded updates can't differentiate with bought CD vs download, I'm guessing.
Although I find digital download easier and more convenient, I like the feeling of having an actually copy of a CD. Having something physical to hold onto is nicer then just have files on a computer. You can hold those files and show them off to people.