I believe in supertweeters, because I know, from personal experience, that auditory ability exists well above the frequency at which you can detect the pure sine wave that is used for testing.
However, I think you may be on to a point about CDs, and their 20KHz limitation. Some LPs can go a bit higher, but there is some argument about how high, and it certainly varies a lot between different LPs. If there is no signal at 30KHz, a supertweeter good to 50KHz is just an expensive paperweight. Probably the best application for a supertweeter (apart from some very exceptional vinyl systems) would be a SACD or DVDA system, where there is no doubt about the ability to have signal above 20KHz. Of course, the recording equipment must be good enough to include this signal.