Vinyl is the premier audio format.
To the extent this is true, it's less because of the intrinsic superiority of the material (though it is clearly superior to cassettes), and more because vinyl was exempt from the "loudness wars" that CDs got caught up with, which compressed the expressive range of the material.
I have neither the bankroll nor the space to get into vinyl, though I do find it to be one of the few forms of conspicuous consumption out there today that is even theoretically appealing.