After years of Digital based audio, I very recently took the plunge back into vinyl. I have just over 100 lps of varying quality,from audiophile pressings to what was essentially thrift store wall hangers.
Both my CD and turntable rigs are around 1200.00 US.,so it's a fair fight. I was prepared to be disappointed with vinyl,having been burned by audiophile snake oil in the past.
After working out most of the various bugs inherent in analogue,the most prevalent being hum, I can say my future investment will be in LPs. In my rig the sound is richer,fuller and warmer, but the big diffence is in soundstage and imaging. I frankly am shocked at the difference.My Soundstage subjectively doubled in size, more lifelike,holographic,etc.All the essentials are there in spades by comparison. Sacd fares better, to the point that if that if that format wasn't all but dead,I could do without vinyl.
I have not gotten into Hi res or any computer based audio thus far. Based on what I have read I will give that a bit more time to mature.
These are my findings on my system in my room with my ears. The Lp format works for me,but everyone has to find what works for them in their listening environment.