No. Even lossy audio is capable of achieving audible transparency.
It's significantly better than LPs themselves. LPs have a high end roll off so they don't wear out prematurely. Anything those super deluxe cartridges reproduce above 15kHz or so is noise. And CDs don't require response encoding/decoding like the RIAA curve.
Too little. Too late. CDs still have better fidelity than that format.
Audible transparency is a debatable. It depends how much is one exposed to live music and how much of that can be reproduced by whatever system one listens to.
The idea that LPs do not contain recorded signal beyond 15 kHz is true only when the record mastering has been intentionally limited - for whatever reason. A properly recorded and mastered LP can and does contain response at least to 30 kHz. To properly play up to 30 kHz, no super exotic cartridges are required.
There are cartridges that do not operate on magnetic induction principle and are therefore not velocity transducers. Those amplitude transducers require far less, in some cases even almost no EQ to achieve the intended flat frequency response. True, they are a scant minority, but they are making a comeback in recent years.
I agree that both CX and DBX encoded analog records came to late. But, at least CX faced such powerful opposition that it was next to impossible for it to gain any serious traction. CX was CBS' attempt to prolong the vinyl record life - and, it was CBS Laboratories brainchild.
The same CBS Laboratories that have been giving Sony and Philips nightmare after nightmare; basically, a whole string of measure that would absolutely prevent making a digital clone of a CD, forcing any copier to go through D/A and again A/D process, thus making the digital copy by default inferior to the original CD. With the clear intent in mind - to protect the copyright, to continue to provide funding the musicians, recording studios, in short everyone involved in playing, recording and distributing the music
In its myopic rage, what did Sony do ? It simply bought the entire CBS. With a single stroke, killed two flies; first, it came in the possession of roughly 20-35% of recorded music in the world ( to be re-released on CD ) AND got to disband the CBS Laboratories in the quickest time possible - punishment for giving them grief over the years.
Sony went further - by requesting the shops to return all unsold CX encoded records - so that they could destroy them and reuse the vinyl for another normal pressings.
That's why it has been very hard to get any CX encoded records quickly after Sony Music came to be - and it is extremely hard to get any CX encoded records today.
Sony had some of the best turntables and best phono cartridges at the time CD appeared on the scene - and they let those quietly fade away into oblivion, ceasing any analog record related production by 1993 at the latest.
We all know what has been the final result of the adopting CD; almost total devaluation of the music bussiness, musicians, recording, distribution, etc.