Don't you think that vinyl had survived a long way? there was many mediums where music could be recorded but vinyl was the source who dominated DJs.
Why the hell RNB record labels still release Vinyl alongside CDs? Because cds are to listen them for home, or in car, but a DJ to play want something to touch by his hand, as Mauro Alpha said its something hot.
Any record label out there, try to release CDs and check your sales. Ok someone mention that we are communicating by Internet now not by smoking... then born the net labels, but jesus christ, how many artists play tracks from net labels? ok who have final scratch...and how many?
Alpha mentioned also the analagoue and digital thing, we master our records on analogue equipment? bette sound isn't it?
So... regard developing and modernisation... so in Malta we have crab as part of the traditional food, so we now start eating humbergers? to be modern...