I've always maintained that it only takes ONE superb
redbook recording to prove that the CD format is not
the problem....and there are many. Listen to some
recordings from Mapleshade, XRCD, Mobile Fidelity,
Telarc and others to demonstrate excellence in clarity,
dynamics, soundstaging and ambience. Jazz at the Pawnshop,
though criticized by some for it's performance, is
still a benchmark in live recording.
The MASTERING of many recordings is sadly inferior. There
are thousands of mediocre (or worse) vinyl recordings,
just as there are redbook CD's, SACD's and DVD-Audio's.
Unless and until there is a major effort to produce
superb masterings of recordings, the format will not matter
much.