I have been following this thread with interest.
I really doubt good equipment and media will die.
The main reason is classical music. While that is a small market in most of the US, not here in Minnesota, it is certainly not true world wide. In the UK is is 30 to 40% of the market. The UK is one of the few regions where attendance at Opera is increasing.
I think this is due to two reasons,
Sir Henry Wood who founded the
Proms in 1895, which continue to this day, and the BBC.
This year these Proms will run from July 16 through September 11. They will be a major concert seven days a week, and many associated side concerts. All will be sold out long in advance and all will be broadcast live by the BBC. There is nothing anywhere near comparable in the rest of the world.
There will also be major music Festivals throughout the British Isles all summer.
This will continue to create a demand for accurate reproducers, as it always has.
Among classical music fans there is downloading, but in the US the physical media is cheaper than the Downloads. Also classical music purchasers generally prefer the whole production complete with printed inserts.
There has always been poor equipment for the mass market, but I would say the gap in quality has narrowed on the whole. Mass market equipment in the fifties and sixties was really dreadful.
However I could put a rig together with equipment circa 1959, that would surpass in audio quality probably most forum members systems.
The fact is that the LP at its best can give digital media a run for their money.
Good open reel machines with actual speed copies or masters is every bit the equal of CD.
The problem was high speed copies. However at the end of the tape era there were reel to reel tapes with Dolby B noise reduction and some with dbx II that really give digital media a chase.
I think the big step forward is in multichannel audio. However one big problem will remain. The fact that many listening rooms are not suitable for surround reproduction, this is especially true in Europe.
The recent Blue Ray offerings of Operas I have purchased are astonishing. I think they are significantly superior to SACD. The main reason I think is the ability to use seven channels and above all set delay.
Converting to PCM makes a nonsense of SACDs mastered in Europe, so you have to listen from the DSD decoder.
The only benefit I have got from Audyssey is the delay settings, and it is a big benefit. The perspective and sense of space achieved if phenomenal.
So with the results now possible and the vast selection of fine music on offer, I think there will always be a place for the sensible high end. We will continue on the Peter Walker's quest for the Closest Approach to the Original Sound.