I, like many, sold my dear collection of vinyl back in the early 90's. Lot's of great, early prog like Genesis, ELP, Moody Blues, Yes, and others. All very well cared for like priceless gems.
A few years ago, I purchased the cheapest turntable I could find (an old Marantz) just to use as a demo at school. I make a horn out of rolled paper and scotch tape a sewing needle to the small end. The kids are blown away that it really makes fairly nice, recognizable sound. It's a great into to analog vs. digital.
Since I had this thing, I took a listen to an old record (I think is was ELP's Tarkus) and despite being a cheap turntable with a worn out cartidge and an old record, it sounded really good. It was dynamica and engaging.
My current system is still relatively humble. I have a Pro-Ject Expression III with a Sumiko Blue Oyster cartridge. This feeds into a seduction, then foreplay, then SEX amps, then full-range horns. Here is my list of why vinyl still has a draw:
1. Some effort is required, which somehow gets you more connected with the experience. You have to unwrap, clean and then cue the thing very carefully. It is like a ritual. You have invested something into your 20 minute listening session.
2. Album covers and art are tangible, hold in your lap kinds of things that you can absorb while the music is playing.
3. Motion. There is this physical thing moving that causes the music to play. Mesmerizing.
4. Most important, it just sounds darn good. You're getting the real-deal analog impression of the original studio sound. You get the dynamics, the detail, and the smoothness that only vinyl will give you.
Yeah, it lacks ease of use. You can't set up a three hour play list and let it run. The "clicker" generation will go crazy that you can't jump to another song the very second you get bored. Instead, you are invited and encouraged to enjoy the album as a whole piece without interruption.
I'm an "album-centric" kind of person. I want that whole album experience, so vinyl works well for me. If you've grown up with an ipod in your hand, I don't think you will understand what you are missing.