I don't have space for everything on vinyl. I should really just buy downloads, but I get tempted by CDs. It's interesting that the higher definition formats did not really take off, although I have some high definition recordings on DVD.
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Considering that digital formats mostly are lossy aac or mp3 it shows that most people don't really care that much. Many youngsters simply listen to youtube!
People listen to music on different ways. I used to have a crappy little battery radio when I was a kid, but could still enjoy the tunes. Now lots of people use cheap earphones that may be a little better. There have always been the audiophiles, but I go for the middle ground of good source audio and reasonable speakers or headphones.