I hope you wouldn't carry that statement as far as my elementary school did. In history class, they taught us that the pilgrims organized the first Thanksgiving in order to give thanks to the Indians.

For a majority of the music I listen to (indie, neo-folk, college, etc...) Vinyl is by far a very viable and popular media. When I buy an LP I feel like I actually own something. The album art is in large format, record labels throw in extra tacks, bonus 7", etc... Most indie labels make great Vinyl releases as they realize this is a product for those who truly love the music embeded in that wax.

A few labels (MERGE) are even beginning to allow you to download MP3s of the LP tracks the second you order-- allowing me to have both a high quality digital recording and the warm wax for my turntable.

In the realm of these independent record labels and their fans, Vinyl is quickly becoming a dominant media-- many fans fighting tooth and nail for limited vinyl pressings and other special releases. Out of print Death Cab for Cutie lps, Sunny Day Realestate lps, and early original Modest Mouse pressing go for over $100 on ebay.