Sorry, not for me it doesn't. Being a bit of an audiophile I want to listen to music that sounds like the artist is in my room singing just for me. I don't want crackles, pops or any extraneous noise thanks. Also the inconvienience of vinyl just doesn't do anything for me. You have to handle it so carefully, it is effectively being destroyed every time you play it (the detail is in the cut of the groove and you are dragging a diamond through soft plastic everytime). Its a pain to skip tracks, random play-yeh right
It is technically possible to get close to 'CD quality'(And I use that term loosely) with vinyl but you need to spend a fortune on a turntable, arm and cartridge and buy master pressed disks at serious wonga each.
The other point that I do want to raise is that the term CD quality is rubbish. A CD in a cheap midi system sounds Ok at best. put the same disk in a quality 2 box CD player through a decent(£1K+) amp and speakers (again at least £1K+) and the difference is unbelieveable. now which is 'CD Quality'?
HiFi is and has always been a very subjective experience. What suits one will not suit another.
As it stands, I own 2 vinyl records (Stan Ridgeway camoflage and The Dammed Eloise) I have loads of CDs and a scary amount of digital music. MP3s are another source of misconception. to give decent quality you need to be encoding at either VBR or 256K. even then a good system will show up the lack of depth of teh whole thing. probably the way to go for digital media is lossless ystems like FLAC