Humphrey's explanation finally explained me some vinyl/CD issues, but still, I am child of nineties and LPs mean nothing to me but bad, complicated, to big technology. My CDs sound pretty warm and nice on my player, so I'll never believe this "sound was warmer" story I was told by my father and many older people also.
That's only generation stuff. Once I spoke to one lady who grew up on 1970s music, and she said that "LP is great because they're all the same size, nice pics, and when you have them in box, you can go thru them, not these CDs..."... I worked in CD shop then (and she in neigborhood antique shop:-), and I was confused. "But
I think that
CDs are great because they're all the same size, in boxes, you can simply browse thru your collection in CD boxes..."
Later one advantage of CDs come to my mind: I can see the side of CD with title - like on the book - while LPs usually, although they have printed label - are so think or pressed that you must took them out to see what it is.
CDs also have - Elizabeth (from another thread) - nice inserts, labels, art works, lyrics... Much better than LPs, I'd say (I have only Leonard's LPs, and only Yugoslavian pressings, for matters of collection

Don't have the LP player. Don't have Hi-FI either, only simple, cheap CD casette player)
Now, is my generation falling off new equipment... Because I'm starting to feel about Ipods the same the elders do about CDs. I look at those Ipod / MP3 hard-memory players etc... It's nice and very useful (no more CD player and plenty of discs in your bag), but I mean - no disc, no *actual* record, no sleeves, no anothing!? It's all only virtual tracks in your player? It sounds they're selling pure mistification to me. Leonard will produce new track in his studio, send it via email to Sony, and I'll buy it from their site?... Indeed, Walter Benjamin was right after all, his essay "The Work of Art in the Age of Its Mechanical Reproduction". He complained back in 1930s how everybody listen to jazz from records and nobody goes to see the real "aura" of music in concert hall... My teacher at college said what would Benjamin said if he saw CDs, and what with *burned* CDs, because original CDs were still seen as "original work of art" due to their art works, booklet... And burned CD is pure 'aura', pure myth, there's no original is existing anymore. And with Ipod it's completely done. There's no "original work of art" at all.