Wes, I wholly agree that your "good enough for the mass market" theory will likely dictate sales levels. And, to some, the $$ "is where it counts" is also valid. I would, instead, be in the camp of quality over quantity. You may be very well correct that this is will always be a niche market. However, as long as there is some money to be made and there is still enough good vinyl to "go around", I don't think vinyl will DIE.
Plus, every time I go to my used records shops there is more and more competition, many being folks much younger than me, the majority of which seem to be female (at least where I live).
I almost always make it a point to ask them about their interest in vinyl (nice to have such a convenient topic for conversation, BTW), why they buy it, and what they play it on. Invariably, they say, "my mother/father plays/used to play LP's", "it just sounds better than CD", "I like the music and the covers", and "I am using their old table." They always ask, "I like XX's records. What else do you think I'd like".
I have inquired further of a few whom I subsequently got to know well enough to invite over for a listen to my system. While the quality of my front end does not approach many on this site, they were totally shocked and thrilled. Of course, for most, their point of comparison is the MP3 or equally inferior cheap CD deck at home or in the car.
No, the convenience of the CD (or future media) will never be replaced by vinyl in many applications in this portable world. But, I do think that if enough younger adults have a chance to hear vinyl reproduced as it should be, there may be a solid future for vinyl in home-based systems.
BTW, if a media of any kind can perform to my ears the same or better as a good vinyl rig AND be as convenient as CD, I'd buy it. Just haven't heard it as yet.
