The demise of the music CD inevitable?

When the companies producing discs cease being profitable from doing so then the cd will go the way of the dodo bird, the eight track, the cassette tape.  Vinyl died as well, but we all see how that's turning out. There even seems to be renewed favor for reel to reel which frankly I can't understand. (I had one back in the late '70's early '80's) 

As posts preceding this one substantiate I have yet to experience a problem with my old compact discs -all of which I've ripped into flac files on my server with nary a hitch. I believe my discs will outlive the files in the long haul given the complexities of computer storage and the ghosts inherent to the machine in general. 

Will the eight track ever return?  Nope. 
Will the cassette tape ever return?  Nope. 
Will reel to reel enjoy the sort of revival that vinyl is experiencing?  Nope. At least in scale. 

Thumb drive loaded music is the future and it's Soylent Green!

In my interview of LampizatOr's CEO, Lukasz Fikus, he talks about the demise of the CD, which you can read at the link below:

http://ayllonmedia.com/news/the-tape-rolls-on-a-new-digital-giant-a-candid-interview-with-the-lampizator-himself-lukasz-ficus

Not to go off topic or hijack this thread but with regard to the  LampizatOr interview he also states "... two channel stereo reproduction is kind of endangered species..." .

I highly doubt that two channel will disappear. In my view two channel produces the most faithful reproduction of sound (music) when compared to 5.1, 7.1, 9.1, 22.1 and so on. 

The CD crashed and burned about 20 years ago when they started cutting back on dynamic range one supposes to save the industry from impending doom. For the last 10 years things have gotten a lot worse, with many popular CDs having virtually Zero dynamic range, relatively speaking. 

I agree that vinyl will outlast the compact disk.  A few years ago I stopped buying cds (except for sacds).  I ripped all the cds into my library and packed the discs away.  Much easier to handle and search for a song. With SOX upsampling to 176.4khz and using a good dac (with a low jitter clock), it actually sounds better than playing from the disc directly.  I still will jump to buy a vinyl record but can't do the same for cd.  Especially older bands that did not truly capture the full sound during tape/record analog to digital conversion onto compact disc.