Cassette Recorder replacement?

I rememeber as a kid, when ever I purchased a new album, I would record the album straight to tape when I got home. Well, times have changed and I'm no longer a kid. Maybe this should replace the tape deck?


Or is it just a spiral down the same path when the 80s were well on it's way? Only this time, with more bits?
If you did this for the sake of your original treasures - well, you might go ahead these days and burn a CD. When I get home with new CDs, I throw them into my Mac, import them to iTunes, and/or my iPod and sometimes burn a CD for my brother in law or the car's CD-player. I still have a pile of tapes but the pile of(spare-) CDs is growing.
I still have this Nakamichi deck sitting in my system but its days are numbered, I'm afraid.
Professional recording generally used DBX (I'm told) because it is better. (Pro DBX was not the same as what they marketed to the consumer...more complex). Dolby marketing stategy to the consumer (license the process inexpensively to hardware manufacturers) was better.

As I recall the reason to tape record your LPs was to capture their sound before wear set in. I don't see how this would apply to CDs.