<font color='#000000'>Nice article there.
Just a few thoughts I wish to share.
(1) These days, appreciating music has gone beyond having a "Tower" of players and equalizers and amps that you can only enjoy at home. It has become a MOBILE hobby. It started with those Walkmans and Discmans. Now thanks to compressible formats and the internet, we have downloadable MP3 files that can deliver hundreds of music titles in your palm. And small compact headphones that deliver high quality "hi-fi-ish" sonics contributed to make that possible.
Moreover, "hi-fi" sound has become more affordable to more people than before, thanks to the diigitalization and miniturization of music storage and their playback gears, the humbling of cost and the spread of accesibility via the internet. No longer is the audiophilic pursuit the realm of the rich. It's now for everyone. Are they truly hi-fi? Maybe not in the strickest standards, but I must say the sounds on those miniature earhones on cellphones playing MP3 often sound a bit better than the walkmans of the past.
(2) From SINGLES to ALBUMS was a way for corporate America to earn profits from 1 or 2 hits from artists. Never mind if the rest of the songs in an album are crap. It's the 1 or 2 hits that sell the album whose production cost is about the same as that of a single. Consumers have learned it doesn't give them value to pay for a costly albums when all they wanted to hear was 1 or 2 titles. Now with the internet, the consumers are given the option to compile and pay only for the titles they want to hear. The consumer then makes his/her own digital album of compilation. Very personalized. The age of micro-marketing in music is reaching its peak, if not already.
This is a wake-up call for the music industry. Either they slash their CD album prices or go the way of the dinosaurs. In many parts of the world, music pirates are making sure the masses get a taste of what 'Hi-Fi" sound is like via recompiled copies of albums played on cheap generic players. It's a revolution of sort.
(3) The pursuit of HI-Fi will always be there, though not as widespread and fact-based as before. It will become personalized as well, embracing all forms of disciplines and beliefs, whether founded on fact of myth. Thus, you now have a growing market for exotic and expensive tube gears, speakers and cables, limited or preowned LPs, etc. Whether these are hi-fi or not, it doesn't matter, there will always be people who will buy want they want to hear and believe. At the other extreme, you have a generation of music lovers who just want to hear their favourite aritsts with the least amount of ceremonious hassle anywhere anytime. Are the gears they use HIFI? Again, it doesn't matter, as long as they enjoy what they listen to.</font>