HiFi lacking social recognition?

When the iPod first appeared, my initial reaction was, there goes the high end. But now that I have one and use it on business trips, I believe that in the long run there will a resurgence of the audio business as younger people begin to make expendable income. At least those who care about music will pay enough attention that they will eventually want something that sounds good for dedicated home listening. Hey, the blank cassette tape format was supposed to destroy the LP industry, that didn't happen. And for recordable DAT and CDs, same thing, the music industry is in the pooper these days because of promotion of music that doesn't even qualify as wallpaper, and because of independent musicians that make good music in an independent fashion and then, as required the industry, self produce their art before they are recognized. Long gone are the A&R guys. I am hopeful and I think the iPod will evolve more toward the best that audio has to offer. There are enough of us out here to perpetuate our interests and share them with others. People will always be drawn to that which is good and fullfilling. There's only so much partying you can do.