Can we finally put Reel to Reel out of its misery? Put it to rest people.

Revox is/has building/built a new R2R in 2017 and Ballfinger M063 is a new R2R tape recorder out and in shops. R2R are not on their way out but rather on their way back in!
http://www.ballfinger.de/tape-recorder-m-063
BTW I just got a beautiful Technics RS1500US, and see and heard a regain of interest for these old things. Tape is the new vinyl! Soon your cassettes will be back into game again. Perfectly happy going back and forth between analogue and digital.

Imho untreated CDs played on untreated CDPs sound thin, two-dimensional, bland, wooly, rolled off, bass shy, generic, like there’s missing information, synthetic, unmusical, metallic, weird, uninteresting, non-coherent, laughable, screechy, thumpy, compressed, like paper mache.

Cassettes on the way back in?'
Never realised they , unlike Elvis, had ever left the building!
Obviously someone forgot to inform me of that.......

@glupson As I wrote in the second post, of course some of these R2R manufacturers are making digital products today.  I don't see hundreds of successful buggy whip manufacturers around any more, so keeping up with technology is clearly key to staying in business.

The point I was trying to make is, just like any technology, there is digital and then there is DIGITAL, where the most accurate and highest quality digital equipment can be manufactured at high cost.  Someone has to be the best at this technology; I really don't think your ipod or whatever quite meets that standard, and many here pay huge prices for what are marketed as super-high-quality digital components. 

They get to hear their digital recordings played back on the best possible equipment available, and if the recording was done with an equal level of quality digital equipment and recording engineers who are knowledgeable about that process, you are going to hear digital at its best.

Doesn't mean it is "better" than analog; it is simply different.  A favorite analogy of mine concerns "electronic" drums and "Hammond B-3 Chips."

They are both used in the recording studio and in live concerts.  Do they sound anything like "real" drums or a "real" B-3?  Of course not.  BUT, they imitate those instruments and provide their own unique sound.  If the composer wants that sound, they use those digital instruments.  If they want the original sound, they use the original instruments.  No right or wrong here, just preferences.  Now, if you are thinking that your digital instruments DO sound like the originals, that is where we have an issue.  You need a better education or a better ear, I guess.

Cheers!

In one of the responses yes a German company Ballfinger is producing new R2R , they are pricey 11,000 - 24,000 US
SO IF YOU HAVE THE CASH YOU CAN HAVE A GREAT MACHINE
WITH ALL UPDATED COMPONENTS..  or if you really wont  to get into R2R format you can purchase a VINTAGE R2R in great condition for 700.00 - 1600.00 
i picked up a teac x10R made some updates with NEW ORIGINAL-PARTS  belts , heads , capstan rollers AND A FEW OTHER COSMETIC PIECES  
total investment 900.00
and 2 years later never missed a note