The warmer sound of vinyl is actually a shortcoming of the recording medium, but we love it anyway. I listened to DSotM on vinyl, then CD, and I preferred the vinyl. Also, cover art isn't as compromised, so it's cool from that standpoint. While I prefer vinyl, I just listen to MP3s and CDs, because it's just practical, you know?
EDIT: now that you mention iPods making CDs extinct, I really hope it doesn't happen. Even if I put all my music on one, I like to have all my CD cases on a shelf, so I can be proud of them and all that. I can line up my 32 Frank Zappa CDs and say "this is my collection," and it actually exists in a tangible form. oh well