Some people believe the sound quality is superior. Not so much the clarity of the sound perhaps, but they think it has more soul. Personally I like it because if I spend money on music, I want to able to hold a beautiful piece of art in my hands, not press play on a file. CDs are ok but feel cheap compared to vinyl.
The sound quality is superior. However, you don't begin to notice that until you start to listen to the music on high end headphones or stereo systems.
It should be noted that this is true, but not on those modern 5.1 systems. Vinyl's natural environment is a good warm 2.1 setup. Also, if you're listening on good headphones, take the time to break them in properly and no, there are no quality earbuds.
I don't have a very good turntable or speakers so that must be it. Still, I wouldn't buy vinyl solely for the superior sound quality.
Yeah, I see the appeal. I have always wanted to buy vinyl, but was never bothered enough to buy a turntable. Thanks for the reply!