...well, the "audiophile" angle is simply not where I'm coming from (see my argument about bad sound quality being "the feature, not the bug"). From an audiophile perspective: Absolutely, cassettes have no place in the modern world.
I think the way to go is lossless digitial downloads purchased as one-time purchases and optimized for lowest non-artist revenue share for sourcing and then probably also hobbyist archiving (combined with sensible backup strategies, etc.) Recording to tape then instantiates the tape as the medium that creates an enjoyable experience and cultural artefact around it. But there's no reason not to have your cake and eat it too, going back to the digital for maximum quality. -- I just don't think the two are in competition all that much.