The RIAA has NOT created a red herring about artists. It's true that the record labels make the vast majority of the money from each CD sale, but the fact is that artists need CD sales that much more in order to make money. As I said above, if a CD fails to sell enough copies to recoup all of the costs associated with recording, manufacturing, and marketing the album, an artist can end up OWING the record company money at the end of the day. Furthermore, every time a label takes a risk on an artist who isn't just a rehash of all the other drivel on the market (in other words supports an artist that is more likely to be an audiophile favorite), they're less likely to take any more chances if the venture doesn't pan out. Like any other BUSINESS, the recording industry is all about profit, and if you don't put your dollars behind your opinion and tastes, you're going to see yourself under, or god forbid un-represented in the market. The only way we can really effectively shape the course of the recording industry is by buying what we like. Nobody is going to release the records you want to hear unless there's a sizable market, and unless you're happy with limited release, overpriced audiophile pressings as your only source of your favorite music (which will also go away if not supported), you should be doing all that you can to speak your mind through your purchases.
Again, please don't do more to dilute the market and devalue what brings us all to this forum and others like it - music - by selling your CDs but retaining the music that they hold. Would you want someone purchasing whatever product or service you offer, and then selling it while retaining a duplicate?