Jordan said:
Not dying, dead.
Dust to dust...
Record...Buried except for mixers.
Nope. Vinyl is alive and well, as a niche product. There are a lot of people with very expensive systems who believe vinyl sounds better than any digital media, despite the distorion and limited dynamic range inherent to the format. In fact, vinyl is the #2 format today, behind CD.
SACD, DVD-Audio, HDCD, DVD...The Futurers
Nope, probably not the future, for a number of reasons. The first is the format war between SACD & DVD-Audio. Consumers don't like format wars.
Another is the still very limited catalog available in either format and the lack of big selling releases by major artists. Most of what has been released on SACD and DVD-Audio has been classical, which can sound great, but doesn't sell.
Another is that a well produced and authored CD can sound almost as good as an SACD or DVD-Audio recording, or even better if the SACD/DVD-A was poorly authored.
Except among serious audiophiles and enthusists, the trend is toward low resolution, portable music formats. Far more music is played on MP3 players than on high end or even mid-range stereo systems.
DVD-A and SACD have better resolution, frequency response and dynamic range, but you need pretty good and fairly expensive equipment to really hear the difference. So in the mass market the only real advantage to SACD and DVD-Audio is the multi-channel capability. But the studios and artists have done a very poor job of exploiting that advantage. I have a universal player and a moderate collection of SACD and DVD-A disks, but I'll be the frst one to tell you that frankly, most of the MC mixes I've heard suck. With a very few exceptions, the high resolution stereo tracks sound a lot better, IMO.
So for the time being, I expect CD will continue to rule the roost. We will have to see what happens when the next high resolution audio formats arrive, with Blu-Ray and HD DVD disks.