Devilboy,
I have had a Levinson No. 31 and Sony SCD1 amoung other players, so I feel qualified to comment and think my hard drive sounds just as good.
Now to be fair, it's more fun (albeit less convenient) and a more luxurious experience to load discs into an exotic, expensive and mysterious device, than to click on a piece of plastic, in the same way that it's more fun to go 100 MPH in a Ferrari than it is in a Nissan.
The real reason the "comb over" persists, however, is because no one has yet been ingenious enough to figure out how to put a $500 computer in a fancy aluminum chassis and get neurotic audiophiles like myself to shell out $10,000 for it.
As to the high margin buggy whip salesmen and/or enthusiasts above warning of the dangers of hard drives - do they not understand that hard drives can be backed up??
I have been using computers since 1982, and I have never experienced a hard drive failure. I am now typing on a Lenovo netbook, which has been on about 10 hours a day, 7 days a week, for 3 years and also has yet to fail. But I back it up regularly, so who cares if it does fail?
Further to defending things which are supposedly horribly unreliable and no substitute for overpriced audiophile gear, I have had a Behringer DEC2496 and 3 Behringer A500s turned on all day, every day, for about 3 years now. They are all working perfectly and going strong.
Vinyl may not be dead, but yes, I would agree the CD player is dead.