Considering going Vinyl--Please talk me out of it

I would agree with Hdm almost totally. At this point in the game it would not be very cost effective for you to try to get back into vinyl, in fact it would be quite expensive.
(That is if you are talking about quality vinyl playback)
But who said that this hobby is about cost effectiveness? It is in fact about doing what makes you happy within the confines of your budget. If you can afford it go for it because I can tell you personally vinyl is quite a bit better than digital. That is why I'm so glad that I didn't fall for the digital hype! I still have my 2000 plus LP's and my Linn LP-12 TT and every time I switch back from digital playback to vinyl I just smile and know I made the right decision.

If you don't already have a huge collection of Vinyl music that you desperately want to hear again (all that older nostalgic stuff in the attic or basement) then you need to ask yourself why all of sudden do you now show interest?

This is not something you just do because you want to collect and trade things like this and this

Vinyl collecting is primarily about the music. The music should lead you to Vinyl, IMHO.

If you struggle to find what you want on current formats and have a treasure trove of older stuff stashed away then by all means go for it.

I can't possibly talk you out of it! You will be sorry if you don't.....

Vinyl is as vinyl always has been. Nuff said I have no desire to go back.

You'll be sorry if you DO (get into vinyl)....in addition to what's been said, I believe there is a cult issue with this, and since hi end audio is a cult to begin with (ask your friends who are non-audiophiles), the cult within the cult just sucks the life out of bang for the buck. I grew up with lps. And jumped to CDs as soon as they became available. I still have a turntable and my old lps and once in a while I buy a used lp...but if someone pointed a gun to my head and said, choose one, CD's would win hands down.