Well... The LP has continued to advance as well. QRP (Acoustic Sounds) sorted out that vibration was the primary cause of surface noise in LPs and so installed damping to reduce it- and makes vastly quieter LPs as a result, rivaling the noise floor of Redbook in that the electronics become the noise floor rather than the LP itself.
That might well be the case but there's absolutely no denying that there were some fabulous sounding LPs made back as far as at least the 1950s.
The best sound that I have ever heard came from one such LP.
It had that spooky 'Is it real?' soundstage that I've yet to hear from any digital.
I would love to see digital finally fulfill its potential on commercial releases, especially regarding dynamic range and transference of classic analogue masters etc, but I'm resigned to the fact that market forces will never allow such a thing to happen.
The demand for sonic excellence just isn't there, and I suspect the suppliers have no stomach for putting out reference quality digital recordings of vintage material out there either.
Why would they, when they can continue to milk that cow indefinitely?
For me, as things stand, digital only really displays its forte with formats such as audiobooks where it reigns supreme.
Everywhere else it's only merely acceptable.