Vinyl, along with other analogue sources such as RTR tape, still sounds better to me 99% of the time. Thankfully CD recording and playback has improved pretty drastically over the last quarter century. ‘80s digital would drive me out of a room in seconds with a screaming headache; now I can listen to decent CDs without pain (though the bad ones are still horrendous), but with no real pleasure or musical involvement.
1) Setting up a record player is a very finicky proposition. Do people remember about aligning cartridges, adjusting tracking force and adjusting anti-skate force?
2) Because playing LP's involve actual physical contact, both the record and phonograph needle will wear out.
That's why Compact Discs are such a huge leap forward, by not having to deal with setting up the player and with no physical contact to wear out the playback medium. Pity that we have a split between SACD and DVD-Audio, because a unified audio format based on DVD technology would eventually have replaced CD's (if you've heard an SACD or DVD-Audio disc, the vastly higher sampling rate compared to Compact Discs meant that musical instruments such as cymbals and violins play back with astonishing clarity).