I think, ultimately the move away from CD's for the mainstream is inevitable (however long that takes).
For me I have only been able to convert about a third of my 4000+ CDs to flac, purely due to the practicality of the cost of that much redundant storage.
I could have ripped them all to smaller MP3's but I figure I'd rather only have to go through the hassle of physically ripping my CD's once. Better to have them in a lossless format which could be batch converted to any future format down the road!
I still enjoy browsing through CD's though... I just dont
enjoy scrolling on an iPod or SB3 display.