To me, it's more than just sound quality. I started listening to records in the mid-60s, got my own first component stereo in 1970, and I couldn't tell you any of the brand names except for the Garrard record changer and a pair of Dave Clark headphones. Whole set-up was $100 used. A tiny (15 wpm?) integrated amp and some little bookshelf speakers. I was completely happy with this system for 5-6 years (through college), and paid little attention to high-end systems. It was all about the music itself. Carefully selecting an album for purchase. Reading all the liner notes. And listened to the whole album all the way through most times. The tunes and their sequence were part of the artists' intent.
My system now is far, far better, and most of my listening is either CDs or iTunes files burned from CDs. I love the convenience, but the record playing routine is in my blood, and I still relate it to the love of music I developed prior to the digital revolution. Yes, keeping records in good shape is a pain. Hauling the albums around and storing them is a pain. The tics and pops (or worse) used to cause me angst. But I still love the experience. Working now on setting up a basic, inexpensive 2nd system in my home with just phono and R2R, just because I can. Just for the experience.