I haven't had a vinyl set up for about 5 years :-( but modern vinyl does generally sound better than digital.
For a start, the loudness war is pretty much out the window. It's also a niche market now, catering for the discerning ear so 180+gm virgin vinyl (with similarily carefull mastering) becomes the norm.
If it had always been this way, digital would have been p1ssed on from the start.
"Audiophile" records aren't cheap, though, nor is a good turntable. Engineering is more expensive than electronics, which is why CDs took over :-(
I really didn't mean to ramble this much!
Yeah, I've got a decent A-T unit at the moment, but I'm looking for a truly high-end upgrade in the next year. I've also been stocking up on albums I already own on CD.