I think people are forgetting that while a newly-pressed vinyl album may _sound_ great on first playback, you're forgetting that being a mechanical storage medium, vinyl records suffer from the following problems:
1. The record and the needle will wear out from physical contact.
2. If the record center hole is not perfectly centered, you get unpleasant "wowing" effect.
3. The surface of a vinyl record scratches rather easily.
4. The signal-to-noise ratio of a vinyl record is about 55-60 db, far below the 90+ db of a Compact Disc.
5. Setting up the tone arm is very finicky, what with correct tonearm placement, proper tracking force and proper anti-skating force.
6. The preamp's phono inputs require a high-gain low-noise amplifier if you're using a moving-coil cartridge.
7. Vinyl records can "warp," which can cause serious tracking problems.
8. You have to deal with turntable rumble, unless the turntable is heavy and driven by a properly-engineered belt-drive system.
To get everything right, the cost of a quality turntable nowadays can run into the _thousands_ of dollars.
It's a pity that a the war between DVD Audio and Sony's Super Audio CD killed any chance of a second-generation optical disc based on DVD technology with vastly higher data sampling rates than Compact Discs. I've listened to a DVD Audio disc and the audio quality is _phenomenal_, especially the crystal-clear treble playing back high notes on a piano, a piccolo or cymbals. And unlike vinyl records, DVD Audio or SACD discs don't suffer from the mechanical playback issues that limit vinyl records.