Interesting debate
I've owned many fine turntables (3 Linns, a Sota Sapphire, Micro Seiki etc, I've ended up with a Rega Planar 3 and Linn MC cartridge) and still have a large collection of vinyl.
Vinyl played on a good turntable with a good stylus, MM or MC through a good rig will always sound good if its a good recording and the Vinyl hasn't been damaged (easy to do). Vinyl played on a mediocre turntable with a substandard cartridge will sound poor.
Its not that CD is a better format, its just has a more consistent quality, even on low priced players.
Best listening experience I ever had was a live Jazz recording played on a Krell CD player, through an Audible Illusions pre-amp, single ended triode monoblocks driving a pair of Mageneplanar MG20's. Unforgettable - so was the price.
As I write this I'm listening to my favourite DVD - Unledded - now that adds a dimension to the listening experience.