Device to record & playback music ?

If what you want is the closest possible equivalent of a tape deck in terms of user interface and functionality it would probably be a MiniDisc player, like this Sony.

The technology never really caught on outside certain specialized areas, partly because Sony refused to allow the digital files to be downloaded directly. But, it works exactly like a cassette deck except that you're recording to an optical disc, the quality is higher and you have the option of recording from a digital signal as well as analog.

There is another device called a personal computer you can also use to perform this task. All you need to do is add the appropriate card.

It is said that one can actually transform LPs to computer files in this way.

Thanks Sfar-
Do you think a MD would sound better than a R2R ?