A few years ago I worked in a record store where we actually sold more records more than cds. I own a relatively large number of records, contemporary and otherwise. Despite all this, It's my opinion that this is just a fad, one strangely ambling along at a lazy pace. I think the only reason it has been able to gain traction is because people don't realize all the pitfalls of records. To start, yes, records can theoretically sound better, but there are Many things that can get in the way of that: virgin vs. recycled vinyl, cold pressings, warping, dirty or worn stylus, imbalanced tonearm, etc. Even under optimum conditions the quality advantage of a record is gone after 5-8 plays, as friction heat from the stylus literally melts the signal irreparably; from then on, the sound quality will continue to deteriorate with each play. Most people start out saying that they like records because analog sounds better. Then, after I tell them this, their reasoning changes--they like records because the hiss and pops are warm and soothing.
The question of quality aside, records are a pain to deal with! You have to handle them carefully, clean them often with specific supplies. After a couple of songs have played, you have to stop what you're doing and flip the record over (don't try putting on a Barry White record, it may set the mood, but only for a few minutes... and hopefully that's regarded as a problem). Some people say they enjoy the whole process involved with records, that by having to do all that work they are able to appreciate the music more. Fine, but personally, having to constantly fidget with the record player interrupts the pleasure I get from listening. Also, consider the weight and space records take up: I estimate about 50 records occupy a cubic foot and weigh at least 25 lbs. On the other hand, you can fit thousands of digital albums in your pocket. Records do have a certain sense of novelty to them, but it wears off fast; digital music is and will remain an incredible thing.