I think the article is largely correct. However, the CD 16/44.1 as I have said before only just gets by.
For classical music there are often problems. I have a number of discs where in the mastering they ran out of bits, and that is audible.
For low level signal you must use enough white noise, dither, to avoid low level signal distortion, which is severe if not done properly.
When I master I generally use a higher sampling rate and then convert down. I always check the peak of a file, which WaveLab allows you to do easily, to make sure there is just a little head room.
I think it actually would be better to have a slightly higher sampling rate. It does provide a safety net.
HiDef downloads are a pain, as they are data files, and I usually end up with a long remastering job. There is no cue file with those downloads. So as far as I'm concerned they are not practical.
SACD almost always sound better than the CD layer, but this may well be mastering issues.
However the best sounding audio, and by a significant margin is on some of my recent BD discs. I'm not sure why this is, but I have no CDs that have the visceral impact space and detail of some of those discs.
Whether is is higher rates, or wider use of modern digital mics etc. I know not. But the improvement is not subtle.
At a recent AES chapter board meeting, the suggestion was made for some education sessions devoted to analog recording.
One prof. from McNally Smith and another from the Minnesota Media institute vowed that their 32 track analog Studer tape decks were superior to their digital hard drive recordings. I find this hard to believe, but may be in the pop world all this digital processing comes with penalties. Bouncing tracks in analog has definite generational loss.
They say for anything really important it goes on the Studers. However use is restricted as they don't want to wear them out!
So I did a calibration of my Studer/Revox A 700 and critically listened to some of my best old analog master tapes.
I have to say the sound quality gave no quarter to CD, and may be was more pleasing. However I know that all Studer machines have a very slight boost in output at around 30 Hz. You can not adjust it out on any Studer machine I have worked on. I have long been of the opinion, that this was deliberate on Willi Studer's part. May be that little extra warmth is all it takes to keep analog recorders alive.